Fast money starts right now.

Live from the Nasak market site overlooking New York City's Times Square.

I'm Melissa Lear.

Traders on desk or Tim Seymour, Brian Kelly, Steve Grosso and Guy Adami.

Tonight on Fast, it is the most feared technical indicator on Wall Street, the Death

Cross. And it's rearing its ugly head on small caps. If history is any

indication, it spells more trouble ahead for the market. We'll explain, plus a crude sell-off oil

having its worst day since September 2015

as it hits its lowest level in a year.

So just how low can oil go.

But we start with Apple under pressure.

It has been bad news and then more bad news since the tech giant hit an all-time high on October 3rd.

The stock has been in meltdown mode, now down 18% from the high nearing a bare market.

Apple has lost almost $20 billion in market cap as worries over shipments and

demand have investors questioning that trillion dollar valuation.

So all this has the stock market, as a stock I should say, closes below its 200 day moving average

for the first time since April. So is there more pain ahead for this tech giant? This guy was supposed to be the defensive

tech stock. Yeah, and a week or so ago I think I went up to the smart board and the power pinch.

Not so smart, huh? In Apple and it it turned out to be, for a day,

it looked like a genius, and now obviously,

you know, $8.

I thought you pitched it as a short.

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