Monday was a bad day for Apple, as its share price fell nearly four percent, dragging down the entire stock market. Monday’s trading session demonstrated how a bad day for Apple can become a headache for the entire stock market (NASDAQ:AAPL).  Lackluster sales of the iPhone 5 motivated the company to cut back production of the ill-fated device.   The disappointing news and the expected earnings shortfall sent Apple’s share price falling by nearly 4 percent on the news.  At 2:47 EST, Apple’s was trading at 502.99 for a loss of 3.33 percent.  Because Apple comprises 12 percent of the weight of both the Nasdaq 100 and Nasdaq Composite indices – as well as 4 percent of the weight of the S&P 500, the entire stock market had a bad day. As of 2:51 EST, the Dow Jones Industrial Average managed to advance 20 points (0.16 percent) to 13,509.  The S&P 500 Index dipped 0.10 percent to 1,470 (NYSEARCA:SPY).  As the chart (above) indicates, the S&P 500 continues to hold above its previous resistance level – its September 14 closing price of 1,465.77.  Its Relative Strength Index has dipped slightly to 63.77 (Chart courtesy of  Stockcharts.com ).  The Nasdaq Composite dropped 0.27 percent to 3,117 (NASDAQ:QQQ).  The Russell 2000 Index declined 0.23 percent to 878 (NYSEARCA:IWM). The “Dollar Bull” Index ETF (NYSEARCA:UUP) declined 3 cents (0.13 percent) to 21.71 as of 2:13 EST. As of 2:00 EST, the S&P 500 Volatility Index – or VIX – advanced 1.35 percent to 13.54 although the VIX Short-Term Futures ETN declined 0.91 percent to 26.22 (NYSEARCA:VXX).   VIX Fiscal Cliff Grows Deeper The Euro STOXX 50 Index finished Monday’s session with a 0.10 percent decline to 2,715 – staying well above its 50-day moving average of 2,589.  The STOXX 50 is holding above its March 19 high of 2,608 and it appears to be experiencing resistance at the 2,700 level, as its Relative Strength Index is 69.27.  Most analysts consider an RSI above 70 as an “overbought” signal (NYSEARCA:FEZ).  The FTSE 100 Index declined 0.22 percent to 6,107 (NYSEARCA:EWU).  The German DAX Index advanced 0.18 percent to 7,729 (NYSEARCA:EWG).  France’s CAC 40 Index rose 0.06 percent to 3,708 (NYSEARCA:EWQ).  Spain’s IBEX 35 Index fell 0.38 percent to 8,632 (NYSEARCA:EWP).  Italy’s FTSE MIB Index sank 0.64 percent to 17,391 (NYSEARCA:EWI). As of 2:01 EST, the euro advanced 0.17 percent against the dollar, trading at $1.3366 (NYSEARCA:FXE). Forex – EUR/USD Pares Back Gains On London’s ICE Futures Europe Exchange, March futures for Brent crude oil advanced by 48 cents (0.44 percent) to $110.32/bbl. (NYSEARCA:BNO, NYSEARCA:USO).   Time to Buy Natural Gas ETFs? February Gold futures advanced by $7.30 (0.44 percent) to $1,667.90 per ounce (NYSEARCA:GLD). ETF Summary:  SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA)  +0.07%   as investors approach the new earnings season with caution after Apple’s bad news drags down the entire stock market. SPDR EURO STOXX 50 ETF (NYSEARCA: FEZ )  +0.08%  as the Euro STOXX 50 Index experiences resistance at its current level, with a Relative Strength Index on the verge of sending an “overbought” signal at 69.27. Technology Select Sector SPDR ETF (NYSEARCA:XLK)  -0.66%  as Apple’s bad day drags down the entire tech sector despite rumors of a buyout of Dell (NASDAQ:DELL) which send the PC producer’s stock jumping nearly 14 percent, mitigating Apple’s impact on the XLK ETF. iShares Barclays 20+ Year Treasury Bond Fund (NYSEARCA:TLT)  -0.16%  surprising those who believed that the appetite for bonds would be significantly reduced by the revelation in the FOMC minutes that the Fed’s bond buying could end earlier than expected   Learn More About iShares ETFs SPDR S&P 500 INDEX ETF (NYSEARCA:SPY)  -0.18%  taking a hit as a result of Apple’s day of reckoning for the iPhone 5. Bottom line:  Monday’s trading session demonstrated how a bad day for Apple can be a bad day for the entire stock market, despite a nearly 14 percent advance by its competitor, Dell Computer, on reports of buyout talks with private equity firms. Sign up for Wall Street Sector Selector’s FREE Stock Market Timing Indicator!    Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to Wall Street Sector Selector’s Disclaimer , Terms of Service , and Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.