Some nervousness ahead of the weekend after NASDAQ moved to new highs, evidenced best by NFLX that has sold back ahead of Monday earnings on some analysts who 'warned' NFLX could miss earnings. Sure it could. Any stock could. What is likely the scenario? Voice concerns, buy on the dip ahead of earnings. We will likely do the same Monday.
Market is mixed, just noncommittal really though not a selloff.
SP500 2.28, 0.08%
NASDAQ 2.28, 0.03%
DJ30 82.55, 0.33%
SP400 -0.07%
RUTX -0.16%
SOX -0.40%
NASDAQ 100 +0.15%
SP500 at 2800 -- blow the trumpets, right? Just another level to try and pass through to the upside.
Took some gain on an AMZN position, like RH even if it is Friday. Again, just likely nervous feet ahead of the weekend after NASDAQ breaking to a new high.
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Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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