Does Earnings Season Matter? NYSE Trader Breaks Down the Market and More

A NYSE trader looks at the market volatility and how young investors should play the market.
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Do you know how to pronounce Spaghetti Trapenese?

Kenny Polcari, director at O'Neil Securities, teaches TheStreet how to properly pronounce it--the recipe of which can be found in Polcari's newsletter from Friday morning.

He also talked to TheStreet about the tech darlings Alphabet (GOOGL) - Get Report and Amazon (AMZN) - Get Report , which both announced earnings on Thursday, Oct. 26. Both companies plummeted after beating on the bottom line, but failed to impress Wall Street when it came to Amazon's sales and Alphabet's revenue.

Alphabet is Real Money's Stock of the Day.

Polcari looked ahead to next week, which will wrap up Q3 earnings. The last of the FANG stocks, Facebook (FB) - Get Report and Apple (AAPL) - Get Report , will be announcing. 

TheStreet's Martin Baccardax theorizes that Facebook may get a headwind from the slumping Snap (SNAP) - Get Report daily active users--which dropped Snap's stock after releasing earnings Thursday night--but will it be enough in such a volatile market?

It's important to note that the volatility doesn't end with Q3 earnings. Wall Street is still looking at the midterms. Polcari gives his thoughts on what could happen if the Democrat's take back the house and how the market will react. 

Polcari doesn't end there. New or young investors are eyeing the market with a cautious eye. Polcari--who has 38 years of experience on Wall Street--tells younger investors what they should be doing to protect themselves in a shaky market. 

Amazon, Alphabet, Facebook and Apple are all holdings in Jim Cramer's Action Alerts Plus members only club. Want to know before Cramer's Club sells AMZN, GOOGL, FB or AAPL? Click here to join