As our earlier thread denoted Nasdaq beat the top line but Q3 guidance was negative and after hours trade is indicated here:
As far as the overall Global Futures Benchmark Program, it is barely in Hedged Long still but holding on as equities continue to be lead down by the Nasdaq. For our followers we have noted the massive outperformance of the Nasdaq vs all the other indexes but this week has given some of it back and that continued today as the Nasdaq fell 171.50 points at 10511.75 after spending most of the day beating around aimlessly. Meanwhile the SP lost 25 points to settle in at 3194.50. The program is now flat 10 out of 24 products. The flip from Hedged Long to Hedged Short will commence upon equity directional move most likely tomorrow, either momentum move will move us back to longs or into new short bearish position. Generally the program tends to lean reflation trade Hedged Long, but some of our indicators are flashing CAUTION:
