Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Quite a divergence in the market today as Apple (AAPL) is simply being obliterated to the tune of 6%+. Apparently this is the worst day for the stock in 6 years which is hard to believe considering the shellacking the stock took in mid Sept thru mid November. This $540 level is the 61.8% retrace of the entire multi week rally it just enjoyed – easy come, easy go. There is an obvious gap 10 points down at $530 as well. Meanwhile as that happens the major indexes are flattish. (the NASDAQ is obviously doing badly today and Dow being held up by a huge move in Travelers, Caterpillar and the banks) A strange session.
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