It was a TECH risk off day, the Nasdaq Composite sold off hard on huge volume, the FANG stocks had a tough day, and Amazon had a flash crash. Amazon dropped about 34 points in a couple of ticks. Pre-market it seems like the pressure is still on the tech names, many are bidding down.

The tech sell-off coincided with Citron’s research cautious tweet about crowd favorite NVDA. The tweet reversed the stock from an 8 point gain to a 10 point loss on 92-million shares which is about 4-times the daily average.

For the old school home-gamers everything looked fine at the close, the Dow Jones closed the day up 89 points. The small caps held up well also with a half percent gain led by banks and oils. But the carnage was in tech.
The small caps are the ones to watch here, the IWM recently broke a 6-month consolidation zone to the upside and looks like it will take the lead from some of the larger names going forward.


Stock of The Week Recap
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at or 646-480-7463. 

We live in a world in which we are bombarded with information, tweets, blogs, etc., content is the new salesman, content is the new marketing, content is the new networking. With information being so readily available, bloggers try to differentiate themselves with their writing skills, volume, and consistency, putting out blog posts to meet quotas. We are seeking to stand out from the crowd by showing performance, by taking all the information and seeking alpha, that’s the sole purpose of the blog. It won’t always be pretty; it’s never easy, and performance is spotty, but we seek superior risk-adjusted returns, not notoriety for our writing skills.  If this is something you can relate to, then this blog is for you.
This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.