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This week we’ll explore:
1) Bigger picture thoughts – we re-visit our short QQQs call – where do we currently stand?
2) Updated thoughts on the big 5 who reported last week – META, GOOGL, MSFT, AMZN, ITNC – and some key quotes from earnings calls this past week
3) Earnings previews: we dive into PINS, ETSY, ABNB
4) Tables/Screens
Let’s get to it:
Bigger Picture Tech Outloo
First, let’s rewind a bit. A couple of weeks ago when we made our short QQQs call, we did so for a few reasons:
1) we began witnessing negative price action as stocks weren’t rallying on good news and getting hit harder than expected on bad news. In other words, good news was bad and bad news was worse. While it was before earnings season, we were getting a lot of tells from mor…
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