Market Down Again

• The Dow Jones was down again today for the 8th straight day. The Nasdaq gave back most of yesterday's gains. Retail stocks looked up lead by nice gains in Best Buy and Home Depot. Walmart was even up decent today. The move was based on a new rule that will require Amazon to collect sales tax from sellers. Amazon led the FANG stocks down including.
• FANG stocks of Amazon, Netflix an Google were down big today. Amazon and Google closed near their lows, but Netflix made up most of what it lost in the morning. Facebook is still running strong due to the new video sharing options on Instagram.
• Mad Money's Jim Crammer says Intel is way under valued even with the CEO scandal. With the positive earnings from Micron (MU), I would have expected Intel to power higher also. It will over the next week and I would expect a new high by Intel's next earnings report.

Amazon, Chipotle Crazy Good!!!

• Chipotle's big earnings report was rewarded by doubling last night's gain today. They were the biggest winner until Amazon reported earnings after the market close on today. Not only did they beat their numbers, they announced that Prime Membership cost is increasing from $99 to $119 a year. Amazon's stock price jumped $100 in after hours.
• Microsoft and Intel had great earning reports after market close today also. I enjoyed trading Google options today as they started off lower from 1035 down to 1020 which is where I bought my 2 Call Options with a Strike Price of 1030 and sold them when Google hit 1040. I was done for the day, but Google wasn't done running up as it hit 1052 before closing at 1043. I expect similar movement on Friday on the heels of Amazon's huge day.
• Home Depot was up huge. HD has been in the cross hairs of professional investors for over a month looking for a break out. I didn't see anything new about them today so I hope to see they maintain the gain on Friday. 
• JP Morgan had a hard time getting out of the red today, but did end higher. Now that the tech companies are blowing away their earning reports, the banks look less exciting even with a rising interest rate environment. Apple was up and then down today. Boeing fell early, came up quickly, didn't come down to the morning low and by the late afternoon past the day's high above 345.
• Verizon was hampered by AT&T's weak earnings, but still finished the day close to even.

IBM Pain, Market News

• IBM opened down and leveled off 4 more points down after a disappointing earnings report yesterday afternoon despite beating estimates from what I have read. Funny think is that while IBM is down, Microsoft (MSFT) and Intel (INTC) were up to the point Microsoft is within half a dollar of its all time high and Intel made a new all time high today. 
• Spotify is expected to report earnings after close today and I expect it to be positive since they just went public with their stock a couple of weeks ago. This should drive Netflix in the same direction tomorrow. So if it is good, Netflix will hit a new high tomorrow. If it is not, expect a day like today. Spotify was up during today's trading which has shown to be a set up to drop after earnings are announced after the market close.
• Netflix and Google came down but traded within a predictable range all day. GOOGL opened at 1079, down to 1072, up to 1077, down to 1070, up to 1079, down to 1072, up to 1080, down to 1073, up to 1080, down to float around 1076 near close. I like this trading range from a day trading prospective as you have a clear defined trading range that it didn't break out of. This was held down because of the large run up yesterday and cautious reaction to IBM's call.
• Home Depot went straight up to 180 as they reports an increased technology presence very soon.
• Best Buy (BBY) and Amazon moved sharply up today on news that they will enter a partnership for selling televisions. This is very positive as Best Buy has matched Amazon on pricing for a couple of years which has given Best Buy a leg up with their ability to demonstrate features and have a great return policy. ROKU traded down on this news which makes no sense to me as ROKU devices are sold in Best Buy as well as integrated in many televisions sold today. I see this as being positive and possibly presents an opportunity to ROKU to incorporate Alexa into their devices with their own partnership with Amazon.
• JP Morgan and the banks were up quickly and dropped drastically after the first half an hour. Sharply is a dollar! The earnings reports from the banks have given temporary gains only being taken back and dropping lower although the percentage changes are not that substantial and I think you are wasting money if you are buying options to make money. American Express reported after market close today beating estimates, having a spike up and I would expect a drop in the first half hour of the market open tomorrow. That would be a great time to buy some PUT options on American Express at 9:45am on Thursday.