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AAPL Slides Under 50 DMA As Wal-Mart Implodes

Tyler Durden's picture





 

Europe's overnight reality check is weighing on stocks broadly but two names standout. Apple is down once again, and below its 50DMA for the first time in four months but it is Wal-Mart that is struggling under the weight of the Mexican debacle. Walmex is down over 25% at the open and WMT opened down over 5% on huge volume. Apple and Wal-Mart bounced out of the gate off those lows but are leaking back now.

 

Wal-Mart struggling after initial bounce as it gets dragged back to VWAP...

As Walmex opens down over 20% and slides further...

And Apple opened under its 50DMA, bounced and is now retesting it back below its VWAP...

and is holding its 50DMA for now as momentum has clearly shifted heading into earnings - with the stock down over 10% in the last 2 weeks...

 


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Mon, 04/23/2012 - 10:04 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

BTFD?

 

Mon, 04/23/2012 - 10:11 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Do you know where your wealth is?

 

 

 

Mon, 04/23/2012 - 10:13 | Link to Comment Dr. Engali
Dr. Engali's picture

Lying at the bottom of a river from an anfortunate boating accident.

Mon, 04/23/2012 - 10:27 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Three words:

App-le

Crackle

SNAPPLE

ori

Mon, 04/23/2012 - 10:45 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I find this crap hilarious. Bribery is a normal way to do business in Mexico. What the hell is the big deal? Often Americans run around and think that rest of the world tends to have a low corruption index like ours. Naive to to the core.

BTW, Wal-mart sucks anyways!

Mon, 04/23/2012 - 13:50 | Link to Comment Geoff-UK
Geoff-UK's picture

Low corruption like the U.S.?  Ever heard of TARP?  Our corruption is just so big and so hidden that people refuse to believe it exists. 

Mon, 04/23/2012 - 10:32 | Link to Comment Levadiakos
Levadiakos's picture

...........................I Buy Cash

Mon, 04/23/2012 - 10:14 | Link to Comment SilverTree
SilverTree's picture

BTFP[hyz]

Mon, 04/23/2012 - 10:17 | Link to Comment Flakmeister
Flakmeister's picture

GTFO....

Mon, 04/23/2012 - 10:22 | Link to Comment slaughterer
slaughterer's picture

Bullish divergences on AAPL today.  Holding its 50DMA in textbook fashion.  Sorry, but the AAPL-bearish followers of Alex "force-index" Elder hoping that AAPL will test 500 will be disappointed today. 

Mon, 04/23/2012 - 10:32 | Link to Comment 710x
710x's picture

Only if you expect further manipulation to the upside.

Mon, 04/23/2012 - 10:05 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Oh, I thought an actual Wal-Mart was imploding. Disappointing.

Mon, 04/23/2012 - 10:06 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I hope not......I get my donuts there every morning....that would suck!

 

Mon, 04/23/2012 - 10:11 | Link to Comment Dr. Engali
Dr. Engali's picture

I hope not..that means that the Walmart types will invade the other shopping centers and I will be forced to watch people shop in their pajamas and slippers.

Mon, 04/23/2012 - 10:28 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Often with humongous quantities of dimpled flesh available for additional sampling.

ori

Mon, 04/23/2012 - 10:48 | Link to Comment i-dog
i-dog's picture

... and malls jammed with whales on motorised shopping carts -- playing dodgems between snack pickup points....

Helter skelter, bitcheZ!

Mon, 04/23/2012 - 13:31 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Yikes. Quite a sad picture....

ori

Mon, 04/23/2012 - 11:47 | Link to Comment pods
pods's picture

Walmart on a Saturday.  Like a free ticket to the Carnival.

 

Mon, 04/23/2012 - 11:53 | Link to Comment WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

 

 

Get your free Moose Ears at Walley World!

Mon, 04/23/2012 - 16:16 | Link to Comment Cathartes Aura
Cathartes Aura's picture

you all should be grateful that you've found a scapegoat that allows you to stand that-much-higher than others.

of course, when vertical hierarchy occupies your mind, there's always the awareness of where others place you - who looks down when you look up?

ladders buttcheez!!

Mon, 04/23/2012 - 10:06 | Link to Comment tocointhephrase
tocointhephrase's picture

Reality Bitchez!

Mon, 04/23/2012 - 10:06 | Link to Comment PY-129-20
PY-129-20's picture

Just in: Cyber-Attack on Irans most important Oil terminal. (from Spiegel.de)

http://www.spiegel.de/netzwelt/web/0,1518,829259,00.html

Mon, 04/23/2012 - 10:06 | Link to Comment lolmao500
lolmao500's picture

LOL!

Mon, 04/23/2012 - 10:06 | Link to Comment the not so migh...
the not so mighty maximiza's picture

don't see any dips just multiple levels of over price-e-ness.

Mon, 04/23/2012 - 10:16 | Link to Comment SheepDog-One
SheepDog-One's picture

'Over-priciness'? How can that be? We all had DOW 38,000 baked-in by fall.

Mon, 04/23/2012 - 10:06 | Link to Comment becky quick and...
becky quick and her beautiful mouth's picture

in my dreams walmart crashes to zero and mom + pop come back. alas, the masses have nowhere else to buy 5 gallon buckets of pickles for $2.00.

Mon, 04/23/2012 - 10:28 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

I'll sell 'em a barrel o' pickels if they pay $2 in WW2 nickels.

Mon, 04/23/2012 - 11:03 | Link to Comment 55 men
55 men's picture

I bet you the dumb ass public would still fall for that.

Mon, 04/23/2012 - 10:07 | Link to Comment midgetrannyporn
midgetrannyporn's picture

Slap on the wrist imminent. It is impossible for a corporation to commit a jailable crime. WMT has no business being above 60 anyway.

Mon, 04/23/2012 - 11:53 | Link to Comment WillyGroper
WillyGroper's picture

5 yr. statute of limitations on FCPA----WTF

Mon, 04/23/2012 - 10:09 | Link to Comment Sandy15
Sandy15's picture

Why is it any other time the FED steps in to prop the market up, but today it's not?

Mon, 04/23/2012 - 10:12 | Link to Comment Dr. Engali
Dr. Engali's picture

Because they need a little deflation so they can QE

Mon, 04/23/2012 - 13:17 | Link to Comment Likstane
Likstane's picture

You try holding something up for 5 years.  You get tired after awhile.

Mon, 04/23/2012 - 10:17 | Link to Comment resurger
resurger's picture

you need to give an impression of a functioning market, you cant' be 100% on ponzi..

Tomorrow the markets will be just fine on AAPL sales

remember AAPL is the market

Mon, 04/23/2012 - 10:17 | Link to Comment Kayman
Kayman's picture

"Why is it any other time the FED steps in to prop the market up, but today it's not?"

1. The day isn't over.

2. Pretext for QE

After all, in order to prop up a Chinese Manufacturer of trinkets (AAPL) the Fed needs a "reason".

Mon, 04/23/2012 - 10:20 | Link to Comment SheepDog-One
SheepDog-One's picture

And it wont work, not this time. Cant drop stocks to 'make way' for QE just to get stocks back again over 13,000...no point in it now no ones buying anyway.

A solid outline of QE from Ben will send oil to the moon, and they cant have that. Its not 2009 anymore, with plenty of wiggle room and oil under $50.

Mon, 04/23/2012 - 10:13 | Link to Comment Hansel
Hansel's picture

Couldn't Wal-Mart just create a SuperPAC to give 'donations' to Mexican officials?  I didn't think bribery was even a thing anymore?  WTF.

Mon, 04/23/2012 - 10:23 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

WalMart execs were just trying to build up their resumes so they can apply for a job at MF Global.

Mon, 04/23/2012 - 10:34 | Link to Comment RallyRoundTheFamily
RallyRoundTheFamily's picture

What exactly is the "mexican debacle"?

Mon, 04/23/2012 - 19:29 | Link to Comment StychoKiller
StychoKiller's picture

It hangs just below the ... well, you don't wanna know! :>D

Mon, 04/23/2012 - 10:13 | Link to Comment Shizzmoney
Shizzmoney's picture

It is impossible for a corporation to commit a jailable crime

But possible to buy elections, have the right of free speech, AND secure a below 3% tax rate.

I just bought rope at Wal-mart to make a noose to hang myself with, but thankfully it broke because it was Made in China.

Mon, 04/23/2012 - 10:19 | Link to Comment Kayman
Kayman's picture

Did it break when you took it out of the box, or when you were tying the knot ?

Mon, 04/23/2012 - 10:15 | Link to Comment Slope of Hope
Slope of Hope's picture

The chart on BTFD is breaking down

Mon, 04/23/2012 - 10:16 | Link to Comment zonetraders
zonetraders's picture

http://capital3x.com/trades/bravo-technical-analysis-and-update-23-april...

lots of charts and analysis....time to short Gold and SPX

Mon, 04/23/2012 - 10:17 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

How many flat screen TVs and  iPads can debt riddled families buy for their kids?"

 

 

Mon, 04/23/2012 - 10:19 | Link to Comment Jack Sheet
Jack Sheet's picture

What's so special about the 50-day moving average? Why not 42, 56.5 or any other #?

Mon, 04/23/2012 - 10:33 | Link to Comment Vince Clortho
Vince Clortho's picture

Some traders, and possibly some fund algos may use the 50 dma as a trigger point.

Mon, 04/23/2012 - 10:20 | Link to Comment Jack Sheet
Jack Sheet's picture

dup

Mon, 04/23/2012 - 10:20 | Link to Comment orangegeek
orangegeek's picture

For those who followed the NASDAQ100, it gave a warning sign of a top a FULL seven days before Apple went for a slide.

 

Good article that presents the Apple overlay on the NASDAQ100.

 

http://bullandbearmash.com/nasdaq100-index-apple-top/

Mon, 04/23/2012 - 10:29 | Link to Comment carbonmutant
carbonmutant's picture

We saw this coming last week...

"Short Walmart"

http://www.zerohedge.com/news/your-ebt-card-has-been-denied-700000-are-a...

Mon, 04/23/2012 - 10:36 | Link to Comment Widowmaker
Widowmaker's picture

Walmart is Fascism Inc.  Greed papered over the common good led most/all to not notice the gutting of every community that gets one - and the decimation of every small business in the area, too.

The sad thing is not one small town in the US got payola from Corruption Inc but Mexico sure cashed in!

Walmart will flush down to the middle 30's and maybe even high 20's.

Epic short on this one.

Mon, 04/23/2012 - 10:44 | Link to Comment junkyardjack
junkyardjack's picture

AAPL taking a breather before heading to $1,000?

Mon, 04/23/2012 - 10:51 | Link to Comment jannewmx
jannewmx's picture

I think it's over for Apple in the short term. Usually there are hoards of fanboys defending apple stock price and their products. Since Apple's stock price started falling the number of them are noticeably smaller.

Mon, 04/23/2012 - 11:03 | Link to Comment Lost Wages
Lost Wages's picture

But if Wal-Mart goes out of business, where am I going to buy my GMO-corn chips sprinkled with MSG, my chemical soda and my pink slime burgers?

Mon, 04/23/2012 - 16:19 | Link to Comment Cathartes Aura
Cathartes Aura's picture

everywhere?

Mon, 04/23/2012 - 11:05 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Its  funny you know. In the last Depression people sold apples on the street to make rent.

Fast forward 84 years and its looking the same.

Stupid products for tech junkies with very short lifespans.

I TV will sink them. They are fresh out of Ideas and are trying to invent a product that has already been perfected.

Still a 12% fall so the margin calls and Algos are sniffing price discovery

Mon, 04/23/2012 - 12:36 | Link to Comment rwe2late
rwe2late's picture

 Hahaha -  Walmart, the "Goldman Sachs" of the retail industry.

The only effect of this will be Walmart possibly having to increase the size of its bribes to skirt tax codes, building codes, import-export licenses, and labor laws.

Mon, 04/23/2012 - 13:46 | Link to Comment Soul Train
Soul Train's picture

I don't shop at WalMart anymore.

Nope, no more.

Used to be the employees shirts said, can I help you? Now they turn and run. They don't want to make eye contact.

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