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BTF50DMA MIA Amid WTF AAPL WWDC Disappointment

Tyler Durden's picture




 

"...and we're calling it iOS 9" appears to have triggered more than a little selling in AAPL and tumbled it below its 50-day moving-average for the first time since March... Of course, given its weighting, it is dragging major stock indices lower...

 

 

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Mon, 06/08/2015 - 13:47 | 6175028 KnuckleDragger-X
KnuckleDragger-X's picture

Tsk, they need to recharge their reality distortion machine......

Mon, 06/08/2015 - 13:52 | 6175037 Headbanger
Headbanger's picture

Me thinks we could see a bounce starting here.

Cause we is at a support line visible on the Wilshire 5K starting last December.

But if it breaks below it then..... AMF

But not so much on the S&P

Mon, 06/08/2015 - 13:55 | 6175063 KnuckleDragger-X
KnuckleDragger-X's picture

I'm still giggling over how they were going to sell so many gold iWatches that they were going to upset the gold market.....

Mon, 06/08/2015 - 14:05 | 6175115 Hype Alert
Hype Alert's picture

They need some more foreign governments to pump up the stock value.  Or maybe this is them figuring it out.

Mon, 06/08/2015 - 20:02 | 6176587 Squid-puppets a...
Squid-puppets a-go-go's picture

50DMA acting like a ceiling. poke that hibernating lump of fur with a stick

Mon, 06/08/2015 - 13:55 | 6175065 Tasty Sandwich
Tasty Sandwich's picture

Anyone know what time it is?  My Apple watch is still charging.

Mon, 06/08/2015 - 13:56 | 6175067 tommylicious
tommylicious's picture

FUCK YOU FANBOIZ!!!   BASTARDS!!!!!!!!!!!!!!!!!

Mon, 06/08/2015 - 13:59 | 6175077 enloe creek
enloe creek's picture

...

Mon, 06/08/2015 - 13:58 | 6175079 enloe creek
enloe creek's picture

just normal rotation out of winners into losers

 

Mon, 06/08/2015 - 13:58 | 6175080 wmbz
wmbz's picture

What the hell?

APPL stock can not drop! The slaves at Foxconn are working 25hrs a day pumping out those crapy looking watches as fast as they can

Mon, 06/08/2015 - 13:58 | 6175082 Rathmullan
Rathmullan's picture

The mad hatters claim that it is important (for some reason) that the  s&pee not close below 2080 and so THE bank shall see to it that it doesn't - just in case the mad hatters actually know anything.

Mon, 06/08/2015 - 14:00 | 6175095 Dr. Engali
Dr. Engali's picture

Apple watch.... Lol, stupidest fucking piece if crap idea for a product nobody ever asked for.

Mon, 06/08/2015 - 14:07 | 6175124 astoriajoe
astoriajoe's picture

I think the new normal is giving you several choices and forcing you to pick one.

Mon, 06/08/2015 - 14:47 | 6175367 SERReal1
SERReal1's picture

Soon our tax dollars will be used to give them away to the less fortunate so they can feel like they are part of the coll crowd.

Obama Watches for all!

Mon, 06/08/2015 - 14:22 | 6175193 Rathmullan
Rathmullan's picture

Well after all, they are a fashion designer now and what michael cors, dnky, burberry subliminal brain washing, "feel good for a minute", pos company doesn't have its own slave labor produced trinket watch?

Mon, 06/08/2015 - 14:34 | 6175248 NoDebt
NoDebt's picture

I bought a square-faced $10 Timex with a cheap band and tell people it's an iWatch.  Look how good the graphics are!  They're amazed.

Well, OK.  It fooled my kids.  My wife knew I was pulling her leg instantly.

Mon, 06/08/2015 - 14:04 | 6175113 Parsecs Taxi
Parsecs Taxi's picture

Apple should create something called an "iStamp," which would use some kind of techically superior ink, and you could stand in line at your local Apple store to have your forehead stamped, so that everyone could see how hip you are (kind of like how us Catholics get ashes on our foreheads to show how pious we are). It would cost 500$ or so. The profit margins would be unreal.

Mon, 06/08/2015 - 14:10 | 6175140 BrocilyBeef
BrocilyBeef's picture

iTrampStamp.

Mon, 06/08/2015 - 14:10 | 6175138 lehmen_sisters
lehmen_sisters's picture

Sold all my maple leafs to buy this new watch, its what everyones doing these days, gotta fit in ya know? Might get a pair of Dock Martins and a man purse as well, would go good with my 1700$ per month loft.

Mon, 06/08/2015 - 14:16 | 6175159 Moe Howard
Moe Howard's picture

I bought a Crapple watch, but it doesn't work. Found out I needed a iPhony, not my $40 semi-smart phone.

Mon, 06/08/2015 - 14:28 | 6175233 kaa1016
kaa1016's picture

It's not 3:30 yet. They will try to rally this maket off of the 100 day SMA. The question is will the buying last through the close or will we close at the lows of the day. I have a feeling the sell off this time is for real.

Mon, 06/08/2015 - 14:33 | 6175288 Yen Cross
Yen Cross's picture

  Next stop for the DOW, 200 day @ 17,580 area.

Mon, 06/08/2015 - 15:06 | 6175486 Banker Buster
Banker Buster's picture

the "mysterious buyer" appeared in the last minute to create a reversal at that trendline.  What a joke the market is.  Give up fed, the market will be a market and you cannot make it something it isn't.  You can paint the tape all you want on the critical levels, but it's a temporary rainbow colored bandaid on a gunshot wound.  It needs to see the ER doc, but you won't let it get to the hospital.  

Mon, 06/08/2015 - 17:04 | 6175979 orangegeek
orangegeek's picture

yellen is going to replace Cook as CEO very soon - after the Fed buys up another few points to take their holdings over 50%

 

yellen has innovated the Fed into a market maker

 

nice job yellen you fucking cunt!!

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