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NYSE trader: I like tech and industrial stocks right now and not bank stocks

Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.

Here's the performance of NASDAQ 100 tech sector stocks as of 1:30 pm ET:

ADBE Adobe Systems 2.44%

ADI Analog Devices 0.93%

ADSK Autodesk, Inc 0.57%

AKAM Akamai Technologies 0.25%

AMAT Applied Materials -0.88%

ATVI Activision Blizzard Inc 0.13%

AVGO(HB) Broadcom Inc 0.56%

BIDU Baidu Inc -0.53%

CA CA Inc 0.74%

CERN Cerner Corp 1.50%

CHKP Check Point Software Tech 0.60%

CSCO Cisco Systems 0.23%

CTSH Cognizant Tech Solutions'A' 1.87%

CTXS Citrix Systems Inc 0.99%

EA Electronic Arts, Inc. 0.21%

FB Facebook Inc 1.18%

FISV Fiserv Inc 1.76%

GOOG Alphabet Inc Cl C Cap Stock 0.64%

GOOGL Alphabet Inc Cl A 0.75%

ILMN Illumina Inc 2.79%

INTC Intel Corp 0.99%

INTU Intuit Inc 2.39%

KLAC KLA-Tencor Corp 0.03%

MCHP Microchip Tech 2.30%

MSFT Microsoft Corp 0.93%

MU Micron Tech -0.85%

MXIM Maxim Integrated Prod 0.08%

NVDA Nvidia Corp 1.20%

NXPI NXP Semiconductors N.V. -0.89%

QCOM Qualcomm Inc 0.65%

STX(HB) Seagate Tech 1.61%

SWKS Skyworks Solutions -0.10%

SYMC Symantec Corp 0.76%

TXN Texas Instruments 0.72%

WDC Western Digital 0.06%