"Peak" Apple?

And a quick message for Caesar's (CZR) shareholders... (and AAPL Call buyers)...

Stocks legged lower overnight on AAPL and MSFT. USDJPY helped them stage a rampalooza as cash markets opened, managing to get the S&P unchanged for a brief moment...

Cash indices on the day saw Small Caps (who have been big losers recently) outperform but the rest ended red..

On the week, Trannies crept back into the green but The Dow remains the biggest loser as CAT, IBM, UTX, MSFT and AAPL weigh it down

Leaving The Dow back in the red for 2015...

But that was not acceptable and so VIX was whacked to ensure The Dow closed green for 2015...

52 Week Lows continue to rise...

As AAPL bounced off the 200DMA again

Stocks decoupled from bonds early on - thanks to JPY - but recoupled later in the day...

Treasury yields were mixed with the long-end testing down to 3.02% and the short-end selling off...

As The Dollar bounced back...

Commodities all suffered...

Though silver held its own...

Gold continues to tumble - 10 down days in a row is now the longest losing streak since 1996...

Crude was clubbed over 3% on the day - testing a $48 handle and back at its lowest in 3 months... down 16 of the last 20 days

Copper clubbed like a baby seal - down 7 of lats 9 days , hovering at cycle lows...

Charts: Bloomberg

Bonus Chart: Even more ominously for Copper - physical demand for withdrawals from inventory have collapsed...

Bonus Bonus Chart: Lumber smashed again today and as a leading indicator is flashing red for new home sales...

Bonus Bonus Bonus Chart: Any day now - clicks will beat bricks...