MONDAY 12/1/14; Hong Kong Police Clash with Pro-Democracy Demonstrators; Global PMI's; Russian Ruble Currency Collapse; German Economy in Contraction; Japan Credit Rating Downgraded; AAPL Mini Flash Crash; ISM Mfg Index; Oil Places Intraday Bottom

At 7:30 AM Hong Kong time (6:30 PM EST), protestors are holding their ground in Admiralty. Government offices are closed due to the unrest. Violence increases as the demonstrators open colorful umbrellas to block the pepper spray (The Occupy Central protests are also called the Umbrella Revolution). Hong Kong police rush the protestors 












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The RUT 200-day MA is 1150 only four points away and the 50-day MA is 1132.

TRAN is beaten -2.7%. XOM bounces +2% and CVX +2.6% creating lift in the Dow Industrials. The casino stocks roll ‘snake eyes’. MPEL -3.3%. WYNN -2.3%. LVS -3.5%. MGM -2.4%. AAPL is down -3.3% to 115 off the -6.3% intraday bottom at 111. MSFT gains +1.8%. RCL bounces +3.3% on news it will replace BMS in the S&P 500. TSLA -5.3%. FB -3.4%. TWTR -6.5%. Social internet stocks are whacked. SOCL loses -2.9%. GPRO -5.7%. LOCO -6%.

After the closing bell, CY drops -1.6% after announcing a merger with CODE that pops +11%. Judging by the price action, Cypress Semi is acquiring Spansion (the acquirer trades lower and the target company explodes higher), however, as the after session continues CY catches a strong bid higher gaining +10% and CODE spurts to +14%. RV and bus maker THO pukes -4% after missing on EPS. Traders are asking if the base placed by oil intraday today will hold and signal overall market stabilization. The jury is out.