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Where AMZN and AAPL Need to Hold Now

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On Friday, Amazon (AMZN) gapped up and couldn't hold the $1858-$1863 momentum level. It sold down. 

Now it's up a bit this morning. This name is important to watch moving forward. Does it hold the $1805 area? Or will there be follow-up selling to hurt high-beta tech psychology?

Apple (AAPL) tried to have a pre-earnings run but it sold down on Friday. Earnings are Tuesday after the close and I have calls on. I'm not looking to add.  We'll see how it reacts into the print. 

A move over $196 after earnings would help tech, but that's a lot to ask for. 

SPX futures are -2. It's hard to tell if the weakness in growth names will hurt the S&P. Today, we'll see if we hold Friday's low at 2808. 

But really, as long as we hold 2795ish, we can't get too bearish. But it's still a very specific type of trading action. Bios and small caps lost momentum, and lots of high-beta tech stocks are in the penalty box. AAPL earnings will be important.