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.
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund's holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/index.php/the-fund/holdings