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Subject:  Market Top Date:  11/2/2017  8:24 PM
Author:  dumaflotchie Number:  85530 of 116352

Well...we are half way though the 2 week earnings reports for several companies that we have followed here at the NPI.

What trends do we see happening in this early going??

As a general observation:

1) Very impressive earnings numbers with double digit YoY growth and often up guidance's.

2) Meager stock responses (other than ZEN).

This can be an indication of a near term market top IMO.....not a bear market.....but rather a breather that allows stock market caps to catch up a bit with expectations.

We will see what next week holds as well with the other stocks yet to report.....but it is hard to imagine what propels these stocks dramatically forward from these levels if the news of blowout earnings hadn't done that.

Here those upcoming stocks:

Of these, from a pure technical perspective, WIX and TLND look the best to me going into earnings, followed by TTD.

TWLO broke down a but today and needs to stay above 28.30 before earnings.
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