Thursday Recap

Stocks sold off. That about sums it up. It wasn't a terrible session by any stretch. $AAPL and $UBM bounced, but not nearly enough to abate the selling pressure that was present throughout the session. Individual names continue to work amid this back drop. $TWTR took its medication today and traded higher. $GOOGL on the other hand traded down some 3%. $GOOGL is still up 6 trillion percent from last weeks earnings move, but its still something to keep an eye on.

The VIX moved to its own tune yesterday. Today it took the headphones off and had a good listen at the overall market weakness. That 12 zone remains well respected and has been the launch pad for spikes higher, and subsequent pull backs for the stock market.

After the bell $AMZN roared higher, hitting new all time record highs. Call buyers will be seeing 300-400% gains at the open tomorrow if these prices hold. It's not the 10,000% $GOOGL moves from last week, but its a great profit to take home for the weekend.

$SNDK had a huge session, clearing the $64 level from yesterdays $54 close. Quite an impressive move. Call buyers were rewarded handsomely for taking the risk here.

What will tomorrow bring? This morning stocks looked headed for a positive session, but the selling pressure too prices lower. Tonight it seems we have similar price action. Stock futures are higher after $AMZN's blow out earnings report. The question now, will stocks hold these gains and finish the week out strong?

After what has been a week in decline, tomorrow could begin a recovery to prices where the week began.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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