$AMZN down 7%, $INTC tanking 14%.
Big tech getting hammered in early trading. This looks like an earnings reaction or macro shock hitting the sector hard. $INTC's drop is especially brutal—likely guidance miss or weak data center numbers. $AMZN could be cloud slowdown fears or retail weakness.
Watch for support levels. $INTC at these levels might be a dead cat bounce setup or the start of real pain. $AMZN probably finds buyers if it holds key moving averages, but momentum is ugly right now.
If you're long, tighten stops. If you're hunting entries, wait for confirmation—don't catch falling knives in this kind of move.
Big tech getting hammered in early trading. This looks like an earnings reaction or macro shock hitting the sector hard. $INTC's drop is especially brutal—likely guidance miss or weak data center numbers. $AMZN could be cloud slowdown fears or retail weakness.
Watch for support levels. $INTC at these levels might be a dead cat bounce setup or the start of real pain. $AMZN probably finds buyers if it holds key moving averages, but momentum is ugly right now.
If you're long, tighten stops. If you're hunting entries, wait for confirmation—don't catch falling knives in this kind of move.