Thoughts on $FB and $BABA earnings?

The market always reacts "un-logically" -- a trader has to be prepared for anything and be able to Read between the lines amidst clouds or fog or uncertainty.

If the market was easy to read and logical...Everyone would be millionaires, -- but the world doesn't work that easily.

 

Facebook's earnings are simply wonderful. No explanation is required here.

 

I predict FB to hit at least 18.20 AH and then close 120 on Friday.

 

While I might be a buyer tomorrow under $118/120 this market is ruthless! Google down $17 so roughly 60pts. from earnings high. Amazon hit $798 early yesterday and was $760's today. BABA touched $105 premarket and sold down to $97/$98 as they too had good earnings. Till election having dry powder isn't, a bad thing!

 

Keep SBUX under your radar too. earning date is tomorrow (Thursday AH).

 

The market behaves like humans.
If you understand basic psychology, aka fear, hope & greed, this may seem more "logical" to you.

CM

 

$FB$BABA the big question... hold and hope for a bounce back, or sell and wait to see if this bounces at a lower level..

 

That's a great picture, behavioral finance rules

 

Good photo,
Trading is like a playing/watching a psychological thriller movie...against yourself, _

Listening to good music...eases, and opens, up your trading mind too;

 

Hedge funds are shorting the entire market all the way to December quadruple witching day. Overall market will be down affecting BABA