1. Amazon Selloff weighs on markets.
Amazon (AMZN) is falling lower by 7.5% today after reporting earnings that failed to impress Wall Street. As you know, this is one of the mega-cap tech stocks and it carries a lot of weight in the tech heavy NASDAQ Composite. In fact, outside of Alphabet (GOOG) all of the leading mega cap tech stocks that reported ended lower.
2. The bright spot for Tech stocks was the semiconductors (SMH, SOX)
The leading semiconductor stocks ended the week very strong. This is a positive for the sector and for technology as a whole. Every trader and investor should use the semiconductor sector as a stock market barometer. Right now, they are acting strong.
3. Bitcoin we’re hitting key resistance again. Don’t be taken in on its recent advance. Might be a little further advance, beware
4. Gold/silver yesterday gold had an impressive day. It came down today and it still needs to do some work before it will advance. Gold miners still not leading.
