Stocks Slide To Weakest Consecutive Close Since October's Bullard Bounce

Summing up today (and every day) on the AAPL infotainment channel, we thought the following brief clip would clarify our perspective...

Before we start, something just does not add up here... Stocks (admittedly starting to catch down) have decoupled from relative volume pressures...

Click on picture to enlarge

h/t @Not_Jim_Cramer

And Stocks have broken the uptrend heading back towards fundamentals...

Click on picture to enlarge

but still CNBC claims "you have nothing to worry about in the equity markets, credit is the bubble"

Click on picture to enlarge

Having got that off our chests...

Trannies were suffering more than the rest until late in the day panic buying lifted them up to Small Caps... S&P managed a tiny gain...

Click on picture to enlarge

Futures markets show the V-Shaped recovery from early Europe-driven losses... (this is post Payrolls)

Click on picture to enlarge

Since Friday's close, Trannies are ugly but notably the higher beta stock indices are not generasting the kind of momo oomph one would expect...

Click on picture to enlarge

Notably, the S&P rallied all the way back up to its 100DMA then sold off again - this is the first consecutive close below the 100DMA since October's Bullard bounce...

Click on picture to enlarge

AAPL's ramp was all about stop runs from yesterday's WWDC presentation...(AAPL bounced perfectly off its 100DMA at 125.37 and tested up to its 50DMA at 128.06 also)

Click on picture to enlarge

The Dollar had a modestly volatile day but ended unch...

Click on picture to enlarge

Treasury yields rose notably into the European close then rallied modestly into the US close...

Click on picture to enlarge

Gold and Copper rose gently, silver was flat, but crude just did its thing...

Click on picture to enlarge

Another day in the quiet world of crude oil... MidEast re-turmoiled - Saudi airstrikes in Yemen (and some claim that China will uptick its imports... because it just plunged them?)...

Click on picture to enlarge