Apple Loses Some of Its Shine, and That Could Help Send Stocks Sharply Lower This Morning [VIDEO]

By DailyFinance  OCT 26, 2012 9:35 AM

And, watch the 1400 level on the S&P.


Watch the 1400 level on the S&P 500 (INDEXSP:.INX). Some technical analysts say that’s a key line we don’t want to fall below.

It was just about a month ago that Apple (NASDAQ:AAPL) stock soared above $700/share… and some analysts predicted it would to go to 1,000. Well, it may drop back into the 500s today after a disappointing earnings report late yesterday. Apple did sell nearly 27-million iPhones in the quarter, including the initial rush for the new five. And overall growth was strong, but Apple lowered its guidance for the current quarter. 

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