 Tech stocks and one of our greatest pleasures in life is to be joined by the CEO of the stock Sush Melissa Arma Melissa. Thanks for being with us. As we reported on the program the tech sector came in hot and heavy with their Q1 earnings. Microsoft, Amazon, Intel and Facebook all did well and those earnings came amid some public relation problems for a few in particular Facebook as we know. But how overall did the fundamentals look for the tech sector going forward? Well you know what I think so far Apple hasn't reported yet you're talking about the couple stocks that have reported Netflix reported Google reported Amazon reported but you know the earnings reports were good fundamentally they were good but I gotta tell you as far as the stock charts go technically I was disappointed about the reaction about the reaction the stocks had right after the earnings none of them rallied even the stocks that gapped up after the earnings did not rally so we didn't see any follow-through on the positive fundamentals and the reports for the positive technical jump up that happened overnight in the gap you just didn't see any follow-through so I don't know what's gonna happen tomorrow night with Apple but I know one thing it needs to see some follow-through. And Apple's the one the outlier that's still out there but do you think maybe the reason they didn't get sort of a jump there after the reports was this concern about potential regulation we know that the Europeans are going to impose regulation beginning on May 25th and after those hearings with Mark Zuckerberg there's concerns not concerns but it looks like there's a possibility there'll be regulations although they're a long way off in the U.S. Do you think that might be something that sort of tampered the expectations for future growth in the tech sector? Well I don't know if it's going to have an impact on the growth for long term but obviously it has I think right now for this earning season second quarter it might have something to do with it the EU is going to be regulating I guess the regulation start in May for Facebook is one of them with the privacy concerns I don't know what's going to happen they had the test of the the Mark Zuckerberg test to find in front of Congress a couple weeks ago but nothing really came of that in the U.S. so I don't know what's going to happen in the U.S. with it but I will tell you overall what I when I see the charts when I look at them technically no one seems to be really wanting to jump in and buy them as far as big institutional money power money there it's not coming in in a full sweep and buying up these stocks now these stocks you got to remember have had big huge moves 2016 2017 all these stocks made brand new all-time highs that's why that's what helped the market move up you had these stocks leading the way tech stocks and so they're really feel kind of heavy right now even though they're still in strong up trends overall nobody's coming back and in buying them whether it's because of all these regulations or the threat of regulations all over the place I don't know but no one seems to be that interested in buying them Netflix is the only one that really had a little bit of follow-through in the earnings report where it traded up main new highs and was green Amazon made new highs in the earnings last Thursday night but it really dropped a drop in Friday morning and dropped big well I wonder talk about Amazon specifically I wonder Melissa if you know Amazon is so expensive and they really have to keep they're like a shark right they have to keep growing they have to keep eating and getting bigger otherwise they're pretty hefty valuation to take on do you think that these big stocks like like in Amazon you know that those are good investments or should investors be looking for some of the smaller or even some of the large specifics like an Intel we're always going to need chips it seems what's your view well I don't think these stocks are bad investments again they're still in uptrends but I don't think right now is a good time to buy in if you're ready in them long-term investing hold them they're fine they're still strong we could see better earnings report and better reactions into the later fall of the end of 2018 for these companies I would say I actually don't think anything looks like a buy to me right now except for to be honest with you chipotle which is not bang stock but that's the only stock right now I'd say go you can go long because that stock did a correction on the earnings report last week but as far as buying right now I wouldn't buy any of them it doesn't mean the charts are bad investments if you're ready in them hold as far as buying things that are cheaper no I wouldn't do that either I think this is just not a period to be buying right now everything has had a good rally and I would wait until probably next quarter earnings season to buy back in or when the market starts to look better the market fell today the market fell on Friday the market the markets nowhere near the highs right now the market feels heavy to me well I wonder about you know they they say it's easy for people on TV and elsewhere to say well buy the dips but the skill the artistry as it were is really is when is the dip I mean we know Facebook for example has taken a big dip but is it done dipping is there another shoe to drop so your advice is sort of hold off for a little bit I would say my philosophy is don't buy dips you don't you don't buy dips you buy into momentum when the momentum is trading up so for example Facebook would have been a goodbye if it had gapped up huge and rallied big time it failed to do that so let's look at the next one out tomorrow night May 1st Apple reports if Apple gaps up in a big way and really shows its hand right into the open and rallies it'll pull the whole market it'll pull the whole sector up I don't know if it's gonna do that but I know there's a lot of expectation around this report why because it's the first report since they had the the tax law passed in December and there's this this tax law it says you can repatriate monies back to the UX with a lower tax fees to be 35% it's going to be 15% to bring this money back so Apple's going to bring over 250 billion dollars back to the US supposedly and they're going to talk more about that and that's going to happen and they may increase the dividend so we'll see how it reacts to that but all of those things might be positive for the stock in a reaction where it would provide an opportunity to buy apple tomorrow night or maybe buy some of these other stocks that have been dragging but I would say Netflix would be the next one to watch but they've all got to move together in other words if Apple fails if Apple gaps down in the earnings it has a negative reaction and falls or even gaps up like the rest haven't fallen like Amazon did on Friday then they're still not buys in this place in this time right now and you got it you got to wait I don't like the idea of buying dips that's not what I do I don't teach people to do that at the stocks whoosh people have to buy momentum you want to go with when it's moving you want to take a position and get them lift and if something if you're short something you want to you would short something when it's falling so you buy stuff that's moving higher and none of the reports none of the stocks really saw that movement which was what was disappointing except for Netflix it just had a little bit of a move up but it never followed through then because Google Amazon the rest of them kind of went boom and they just fell we will be watching Apple you're always full of great information Melissa Armo is CEO of the stocks whoosh thank you for your time thanks for having me