After a heavy week of big cap earnings, Friday could see a fading of enthusiasm.
The four big tech stocks beat earnings after the bell but futures are negative. With the gains in Google and Amazon alone you would have expected the futures to be strongly positive and a blowout open for the Nasdaq on Friday. That may still happen but Dow, Nasdaq, S&P and Russell 2000 futures are all negative in the overnight session. When we couple that with weekend event risk there is no reason to put additional money into the market.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays