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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 | 2366601 GetZeeGold
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Mon, 04/23/2012 - 10:11 | 2366623 hedgeless_horseman
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Do you know where your wealth is?




Mon, 04/23/2012 - 10:13 | 2366632 Dr. Engali
Dr. Engali's picture

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

Mon, 04/23/2012 - 10:27 | 2366702 Oh regional Indian
Oh regional Indian's picture

Three words:





Mon, 04/23/2012 - 10:45 | 2366804 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 | 2367632 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 | 2366724 Levadiakos
Levadiakos's picture

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

Mon, 04/23/2012 - 10:14 | 2366636 SilverTree
SilverTree's picture


Mon, 04/23/2012 - 10:17 | 2366653 Flakmeister
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Mon, 04/23/2012 - 10:22 | 2366677 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 | 2366728 710x
710x's picture

Only if you expect further manipulation to the upside.

Mon, 04/23/2012 - 10:05 | 2366607 GeneMarchbanks
GeneMarchbanks's picture

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

Mon, 04/23/2012 - 10:06 | 2366612 GetZeeGold
GetZeeGold's picture



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


Mon, 04/23/2012 - 10:11 | 2366625 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 | 2366705 Oh regional Indian
Oh regional Indian's picture

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


Mon, 04/23/2012 - 10:48 | 2366803 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 | 2367556 Oh regional Indian
Oh regional Indian's picture

Yikes. Quite a sad picture....


Mon, 04/23/2012 - 11:47 | 2367102 pods
pods's picture

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


Mon, 04/23/2012 - 11:53 | 2367125 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture



Get your free Moose Ears at Walley World!

Mon, 04/23/2012 - 16:16 | 2368229 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 | 2366609 tocointhephrase
tocointhephrase's picture

Reality Bitchez!

Mon, 04/23/2012 - 10:06 | 2366610 PY-129-20
PY-129-20's picture

Just in: Cyber-Attack on Irans most important Oil terminal. (from,1518,829259,00.html

Mon, 04/23/2012 - 10:06 | 2366611 lolmao500
lolmao500's picture


Mon, 04/23/2012 - 10:06 | 2366613 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 | 2366645 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 | 2366614 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 | 2366643 hedgeless_horseman
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I'll sell 'em a barrel o' pickels if they pay $2 in WW2 nickels.

Mon, 04/23/2012 - 11:03 | 2366883 55 men
55 men's picture

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

Mon, 04/23/2012 - 10:07 | 2366619 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 | 2367124 WillyGroper
WillyGroper's picture

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

Mon, 04/23/2012 - 10:09 | 2366622 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 | 2366630 Dr. Engali
Dr. Engali's picture

Because they need a little deflation so they can QE

Mon, 04/23/2012 - 13:17 | 2367497 Likstane
Likstane's picture

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

Mon, 04/23/2012 - 10:17 | 2366651 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 | 2366652 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 | 2366672 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, 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 | 2366628 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 | 2366683 Arnold Ziffel
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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 | 2366737 RallyRoundTheFamily
RallyRoundTheFamily's picture

What exactly is the "mexican debacle"?

Mon, 04/23/2012 - 19:29 | 2368713 StychoKiller
StychoKiller's picture

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

Mon, 04/23/2012 - 10:13 | 2366634 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 | 2366661 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 | 2366644 Slope of Hope
Slope of Hope's picture

The chart on BTFD is breaking down

Mon, 04/23/2012 - 10:16 | 2366648 zonetraders
zonetraders's picture

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

Mon, 04/23/2012 - 10:17 | 2366654 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 | 2366663 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 | 2366733 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 | 2366665 Jack Sheet
Jack Sheet's picture


Mon, 04/23/2012 - 10:20 | 2366670 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.

Mon, 04/23/2012 - 10:29 | 2366694 carbonmutant
carbonmutant's picture

We saw this coming last week...

"Short Walmart"

Mon, 04/23/2012 - 10:36 | 2366739 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 | 2366799 junkyardjack
junkyardjack's picture

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

Mon, 04/23/2012 - 10:51 | 2366833 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 | 2366880 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 | 2368232 Cathartes Aura
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Mon, 04/23/2012 - 11:05 | 2366891 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 | 2367289 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 | 2367613 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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