What's the INTEL?

Bears, a gazillion and one
Bulls? not so much
There’s no denying that the bears retook control today. And they did so with convincing fashion. Not only was todays market action Uhhhhg``LEE~~EEEEEEE but it caught investors off guard

Today was a route not seen for a bit
Investors are punishing META relentlessly and without mercy for it’s earnings miss. 3 weeks ago I asked ( jokingly ) what did ZUCK do to make the Market Makers so mad? The selling doesn’t appear to be over as it’s dropping more here after hours
Technically speaking META down to 555 or even further wouldn’t be unthinkable

INTC however just blew earnings out of the water and is now up 10% AH
AMZN beat also and price is up above 195
AAPL just beat as well but net income was down… AAPL is dropping here, lets see what the conference call brings
The market can use the help of all 3 of those to try and restore any kind of hope in staying afloat here

SFM turned out to hold it’s own today closing on the day +8%
Had the market not had such a selloff would that of been higher? Maybe, we’re still monitoring and will make our move when our signal presents itself

Further volatility in the way of continued selling could occur and until we know, we don’t know
This morning we here at theoptionscoach.net mentioned possible rotation into defensive plays and todays Heat Map shows that was the case
Tomorrow is another day

And Happy Halloween again to everyone!!!

The Options Coach