Amazon's earnings disappointment knocked 82 points off the shares in afterhours. The Nasdaq futures are down -33 points and this bias is likely to carry over into Friday's trading. Add to that the big gains in some of the big cap tech stocks for the week and there is a good chance we will see some profit taking before the weekend. There is no guarantee, but I doubt many investors are going to be racing to buy Facebook after a $16 spike on Thursday. Apple was up $15 over the last two days at its intraday high on Thursday. These are profits at risk until the positions are closed.
New positions are only added on Wednesday and Saturday except in special circumstances.
NEW DIRECTIONAL CALL PLAYS
No New Bullish Plays
NEW DIRECTIONAL PUT PLAYS
No New Bearish Plays