May 2 2018 - EL, SPOT Crushed By Earnings

SPY, DIA and QQQ all finished in the red today but still remain in their overall trading ranges. IWM actually finished up on the day.

Estee Lauder (EL) and Spotify (SPOT) both got whacked today on the heels of their earnings report. EL lost over $12 and broke below its 200-day SMA, while SPOT is falling approximately $14 in after hours trading tonight.

We also discuss PYPL's technical downside target now that AMZN is getting into the digital payment space, along with FB, AAPL, TSLA and more.

Have a great rest of the day!

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