Facebook Loss Means Google Win

• The biggest news Wednesday is what took over the news on Thursday is Facebook's decline in market value. The decline was based on slowing growth and a miss on the number of active users by 20 million. That sounds large if you didn't know that they still has 2.33 billion active users. Regardless Facebook had a huge decline that pushed down technology stocks at the open. Most recovered but Amazon went down in anticipation of their earnings report release after the market close.
• Amazon's earnings sounded like a blow out quarter, but the revenue number missed what analysts expected. It went up, but it wasn't crazy up as in past earning announcements. 
• The winner appeared to be Alphabet (GOOGL) as it opened lower for the 2nd day in a row to break out to a new high. So let's break down the options trade for profit. When it opened, it shot up so it is best to wait for it to come back to where it started since looking at the chart for 1 minute stochastic was at the top and the 5 minute was at the bottom. This is a sign that it will come back to where it started the day around 1264 which it bounced off 2 times just before 10am.  
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• Final thoughts on Facebook: Facebooks numbers were the best of the FANG stocks as I shared with in my blog this week. Facebook displayed that it is still growing but not at the pace as expected. Mark Zuckerberg shared this previously. Should the stock of Facebook fall to 165, it is a screaming buy. Even if the margins are cut in half, it is still without debt and very high margins.