For the Moment

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We are now on the downslope of the earnings season. It’ll get more boring with each passing day now. The two monsters have reported, and as of Thursday afternoon, they are both leaking. We have AMZN, which got hit hard.


And even AAPL is losing value, with its first revenue miss in four years.


I attach very little value to these after-hours moves. Look at SHOP from last night. Quite a tumble, huh?


And there’s that same big drop, circled in red, after the next day session. Meaningless.


For the moment, however, the NQ is down about half a percent, collapsing to values not seen since a few hours ago.