We apologize to that we are getting this out late here, as we noted last week, our resource utilization rates are running high but we are doing are best during these dog days of summer!
We put out a bunch of earnings blowouts from the Tech Titans yesterday late where it seems euphoria was not in short supply as traders stumbled all over themselves chasing NQ straight up. Anyway the early AM drubbing of the markets certainly took a lot of weak longs out and they paid the price if they exited, because by the end of the day the market came roaring back in unimpeded anticipation of after close earnings. To think big players don’t already know the results is, well just down right foolish. You can tell by the way the market reacts prior, how can we say it more plainly than many were just too damn confident. Especially after the weak congressional theatrics that was on display the day prior, where Big Tech dodged basically every accusation.
We wanted to share this SP500 futures chart which lo…
