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Gravitation Returns As Apple Falls, Drags Everything With It
Four of the last five days have seen AAPL stock price swing +/- 3 sigma with today's drop approaching the largest drop in six months as rumors of iPhone sales weakness spread virally. Realized volatility is exploding on many different measures and AAPL implied volatility back to November highs. Of course as tensions mounts and the stock breaks Monday's closing VWAP, so margin calls on options expiring tomorrow are flopping over into various other markets as S&P 500 e-mini futures drop back below their 50DMA and VIX jumps up over 19.5% once again. Gold has pulled back in line with the USD and while the S&P 500 flip-flopped between bullishly synced with the USD and bearishly synced with Treasuries, for now equities in general are trying to catch up to longer-term Treasury weakness.
The cyan, yellow, and dark blue lines are the closing VWAPs of the last few days and as is clear we see heavy volume around these levels. The break just now of the closing VWAP from Monday's low print day was accompanied heavy volume once again...
With huge sigma moves over the last few days that will likely wreak havoc with anyone's risk-return optimizer...
As realized vol has exploded...
And broad asset class movements have been very interesting...
But the Equity-Treasury divergence intraday is actualy a convergence to Treasury's implied weakness from the last week...
Charts: Bloomberg
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BTFD!
Beyond ironic that Apple (as an idea/stock/product) is where it is, in the big apple.
ori
AAPL used to be the apple of me one good eye until it cost too much to look at it.
why buy appl when you can buy friends....facebook IPO in May
Splunk IPO today. x2.
Now that ZH has broadcast the downward movement, it is safe to buy AAPL again.
This is the last remaining retail stock out there. everything else is managed asset allocation programs...
It's not surprising that the SPX is threatening to break the handle of an inverse cup and handle pattern here this afternoon (~1373-4)
'
The only way the market survives is if "Mad Money" is canceled.
AAPL breaking key support levels on heavy volume and heading lower to eventually fill the gaps at $570 and $430. great shorting opportunity
A NFLX overlay wpuld play out nicely and it's ironic that AAPL pps is/was almost exactly 2 times NFLX playing from the top at $305.
Go for it.
Warren's prostate must be unloading.
Check out the 3+ million SPY share spike at 3:27.39
3+ million shares in less than a second at 137.6+ each??....yeah, must be a "day trader"...or Waddle and Reed.
If I'm in gold at $1,900.....I'm disappointed.
If I'm in Apple at $644......I'm very fucking nervous.
Nothing to see here.
It is perfectly normal for the stock of "The Most Valuable Company in the World" to have intraday swings of 3-5% every single day.
Otherwise you might be tempted to think that the stock of "The Most Valuable Company in the World" is nothing but a Hedge Fund/HFT plaything.
Sta-bil-i-teeeeeeeeeeeeee! Fed Manadate!
Once again the entire market is brought to her knees by one lonely stock - Crapple -
crapple Vs Goog - http://hedge.ly/HLf767
Goog held firm..
goog is a cia/rothschild operation.
GOOG and AAPL both cater to the military-banking-complex. They all sleep in the same bed
SHUT UP JIM MORRISON
I LOLed.
the lizard king...uncanny.
Pop trivia question of the night
Who's father was intimately involved in one of America's illegal war and how?
Give up? The Viet Cong didn't
George Stephen Morrison (January 7, 1919 - November 17, 2008) was a Rear Admiral and naval aviator in the United States Navy. Morrison was commander of the U.S. naval forces in the Gulf of Tonkin during the Gulf of Tonkin Incident of August 1964. He was the father of Jim Morrison, the lead singer of the rock band The Doors.[1][2][3]
GOOG has too much power to work for anyone except themselves. I'm more concerned that the CIA and Rothschilds will be soon or are already working for GOOG.
Yeah, and all of their initial operating capital just magically appeared out of nowhere.
I just need Michele Caruso Cabrarrea's opinion like I need cancer. is there a more ignorant person on TV?
You're not supposed to listen to her, she's just there so you can look at her tits.
Don't get that far w/ sound off because I gag at the face
High Hoe!
High Hoe!
A Shorting I did GO!
Short from 621, myself. yee ha.
GERONIMO!
i getting tired of this stuff.
There's an app for that actually.
Apple once had a product called the Newton. It was a flop.
you obviously never had one.
legs furiously pumping their stiff green gallop
No, I never owned one. A friend of mine had one and he said it had nice features, but the software was kind of buggy and the price was rather high. There was a famous episode of the Simpsons where one of the school bullies tries to make a note on his Newton saying "Beat up Martin", but the Newton translates this as "Eat up Martha". So he just throws the Newton at Martin.
And naming an Apple product for a guy famous for observing falling apples seems like tempting fate. But then, Apple was able to get some sort of revenge by dropping the Newton.
The Newton was one of the products that Apple came out with after Steve Jobs was pushed out. Scully and the managers that followed just didn't seem to have Jobs' knack for creating killer products. Sales rose for a couple of years after Jobs left, then stagnated. Will the same thing happen again?
Could you fry an egg on it?
I had one (for work purposes) and supported them for awhile. They sucked, unless you were one of the lucky folks whose cursive handwriting worked the way the Newton expected it to. It didn't get too hot, it ran on AA's and fit in a pocket. It was no match for the Palms and the Wizards and all the other devices with keyboards on 'em.
Ah, yeah, options expiration, since when does it care anymore!? Up by Monday eh?!
Looks like the maximum pain pin for tomorrow is $590. MMs always kill off AAPL options players on opex. It is tradition.
I thought it was against the rules for AAPL to go down?
pods
Read the fine print there. It's against the rules unless GS or MS or one of the others is set to make a profit on the move.
Good point blu...after all, GS did just upgrade AAPL. go figure.
The hedge fund hotel has cockroaches.
Thought they learned that lesson with FSLR, NFLX &c, &c
Whoever was selling calls for tommorrow is clearly in control of the situation.
3-4 pm ramp-up anyone?
50 Dow points right atcha
THE BEAR SHORTING AT 425$ THE PIECE
Why buy an apple if you can also buy Gold (or trade it with a contract for difference)
this is good one
http://www.yourbofa.com/
LOL
Yesterday it was put on Goldmans Ultra Buy list.
Major Hedge Fund Pucker Factor.
Meanwhile the warmongers are busy starting Libya 2.0...
- Free syria army calls for a international military intervention without the approval of UN Security Council.
- Clinton calls for UN resolution to enforce Syria sanctions 'by all necessary means'
- US senators John McCain, Lindsey Graham, Joe Lieberman in a joint statement calls for airstrikes on Assad's forces & creation of safe zones inside Syria.
- Saudi Arabia calls for the massacre to be stopped.
- US urges Russia to accept an arms embargo on Syra.
- US democrats say they will oppose deploying US ground forces to Syria. (not excluding US troops given to the UN/air strikes of course)
- Russian officials say US demands of more sanctions not acceptable.
- France says there's currently no plans to deploy French troops in Lebanon to the Syrian border.
- Hillary says Turkey is considering invoking NATO article 4. (Article Four states that members "will consult together whenever, in the opinion of any of them, the territorial integrity, political independence or security of any of the Parties is threatened".)
Hilary needs to go crawl back under a rock. The State Department has become just another arm of the Pentagon.
More like a "bush" than a rock.
More like Axis and Allies, 2.0, complete with new and improved warfare triggers... er... I mean security pact.
It is the perfect example why people are getting out of the Market.
Pumped to $644. Dropped to $671. Pumped back up to $615. (yesterday). Dropped today back to $584.
Anyone who is programing the computer is making Money. Everyone else is getting creamed.
Told you the iAAPL algo would get a virus.
Anybody see my LLC call yesterday? Hope so.
Of course I mean LCC, oops.
Setting up for a rally after earnings I bet
I see plenty of sales telling the sheeple how to spend their tax refunds. Is there such a thing as the tax refund stimulus? LOL
Love your avatar!
Hey how's all the BTFD'ers doing from this morning? Can't lose.
I bought some dip this morning, they had it on sale at the supermarket
Gravity is a terrorist and hates our freedoms.
Maybe Homeland Security can build a gravity detector. Install them around the country.
They could build a gravitometer into a hand-held device. Hey they could add it to the iPad! Then there could be an app, and you could ask Siri to find ...
Oh hell. Nevermind.
Is there a count on how many time they have said "off the session lows" today?
These god damn stick saved Teflon US markets!
How the fuck can you trade a market or market signals without follow through? The IBEX is .4% above 2009 lows and the S&P is at 1370????
How is this possible?
Everyone knows for sure that Spain is f**ked.
But not so sure yet about the US.
I bought EWP into the close. I think the Fed or ECB pulls a rabbit from the hat to avoid the "Spain is under 2009 lows stigma. " plus as you said everyone knows so its time to go the other way.
Fuck the domestic markets.
Because there is no market?
So this is what it comes to. The hopes and fears of every investor lie in whether Apple will do well or poorly.
Pretty much.
This situation will last until global war breaks out. Again. Then we'll be right back to taking care of Raytheon and Lockheed.
I went to Office Max today to look at the new iWhatever and they had none..."don't carry them" said the manager. They had about eight competitors...cheaper too....
I can afford Linux.