over the weekend I did a quick look back at the last 3 quarters on the days when megacap earnings were happening, and couldn't see a significant effect of these earnings on the general trend of the overall market. Even amidst huge 10% gaps in two of the names (don't remember which ones), market only gapped down 1%. would be a cool to do a deeper study on this though.
on a separate note, seeing bearish divergence across the megacaps (googl, msft, aapl), amzn rejecting off the 200d MA, tsla shitting the bed. defensive sectors leading, along with a few random biotech names, while market breadth still looks like crap. And yet the dip was bought again. all the biases aside, really hard to argue against the bulls i think.
on a separate note, seeing bearish divergence across the megacaps (googl, msft, aapl), amzn rejecting off the 200d MA, tsla shitting the bed. defensive sectors leading, along with a few random biotech names, while market breadth still looks like crap. And yet the dip was bought again. all the biases aside, really hard to argue against the bulls i think.
