I have a meeting in the city of Saint Francis, so I’ll make this quick (and this is before the conference calls, please note). Apple and Amazon have, for the moment, disappointed the bulls by delivering results with absolutely no resemblance to META/MSFT yesterday:
Here is one Ms. Lauren Sanchez, the world’s most successful family-wrecking gold-digger bride-to-be to Mr. Bezos chiming in on the results.
All of which has led the /NQ futures, over the past twenty-four hours, to play jump-rope with its Fibonacci level. We’re below it. Again.
Of more import to me personally is the fact that the /RTY came wretchedly close to violating its own Fib level and yet, thank GOD, was repelled. So far, so good.
Given the bile-inducing bull run of eight consecutive “up” days, it would be nice to end the week with a good smack-down.
That all depends on (a) the conference calls for the aforementioned firms (b) the jobs report in the morning (c) more trade war nonsense in between now and Friday’s open. At least, for the moment, we don’t have a repeat of yesterday afternoon on our hands.
Onward!
