The semis are selling off even after the great earnings by Intel. We know that you can't trade off the news you must trade and pick your cues from the reaction to the news. This reaction is not good.
JPM is in the same boat. Great earnings negative reaction.
This puts us in profit taking and closing out trades that aren't working mode
Close out MSTR even though at new highs nasty reversal
If NFLX has another leg down we will close
AMZN holding in there so still ok
Chief Market Technician
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