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.