My target for this “dead cat” bounce that began a week ago Monday is likely to be reached today.(So I thought when I wrote this early this morning) If the NASDAQ 100 reaches or comes close to 15500 sell and don’t look back. Don’t be fooled by the fact that the catalyst of GOOG splitting it’s stock and having good earnings will be repeated by Meta(FB) and or Amazon(AMZN). If you look at GOOG’s stock chart you see that it only peaked in Nov. and held up much better than the other two. Therefore, it was no surprise their earnings were good although the stock split was the catalyst to really squeeze the shorts. Meta’s earnings could go either way so the stock reaction should be nothing like GOOG’s. AMZN, which I wrote about months ago, as being done as a stock even though the company isn’t going away, should selloff dramatically after the earnings, either because they disappoint or because margins and or the outlook shows their former growth rate is a thing of the past. I expect my 15500 target for NDX to be reached today(tomorrow at the latest) and will be going back to being short, if it does. (If I adjust my target it may be to the downside)