Dead Cat Goes Splat!
Looks like my post yesterday where I said I may have to lower my target of 15500 for the NASDAQ 100 will be the case. While the other averages may have a bit more upside, the NASDAQ and specifically the NASDAQ 100 appear to have topped. The Meta(FB) miss and what I expect could be as bad or worse from AMZN, has pretty much marked a top. The 100 got just a whisker under 15200 at it’s high Wed. The big question is what happens next? If AMZN has any kind of miss and or bad guidance, a la FB, it could be a blood bath on Friday morning, with the jobs numbers thrown in for kicks. Interesting times, for sure.