Watching Tech Reversal and $ZAPP on Earnings

It's been a choppy week, and the broader market's trying to find its footing after some hawkish comments out of the Fed on continued rate pressures. We saw $ASML giving back some ground today, down nearly 5%, which isn't entirely surprising given its run-up. High-beta tech names are certainly susceptible to any whispers about 'higher for longer,' and it's making me re-evaluate positions that relied heavily on continued multiple expansion.

On a different note, the microcap space continues to be… interesting. I've been keeping an eye on names like $ZAPP, which just had a substantial drop, down over 46% today after their latest earnings. While these moves are often a trap, occasionally there's a quick bounce play if the news isn't catastrophic and was just an overreaction. Not touching it myself right now, but it's on the watchlist to see if it stabilizes or continues its downward spiral tomorrow. The volume certainly picked up, indicating some capitulation, but that doesn't mean it's done.