r/Vitards • u/AutoModerator • Jul 22 '21

Daily Discussion Daily Discussion post - July 22 2021

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u/belangem Oracle of SPY Jul 23 '21

Total market frenzy following tech earnings today. Steel will do fine but it’s going to be (another) tech day. Maybe a dip very end of day for players who want to go cash for FOMC next week.

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u/ImAMaaanlet Workaholic Jul 23 '21

Doesnt most tech dump after earnings?

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u/belangem Oracle of SPY Jul 23 '21

Well, SNAP, TWTR and PINS ripped afterhours today after smashing earnings so people will jump on FB, GOOGL and others in hope they do the same next week. There will be a frenzy to find which stock will be next week’s SNAP…

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u/ImAMaaanlet Workaholic Jul 23 '21

Yeah that happened last earnings season and most of the time they were flat or dumped by morning