You know what AMZN's price looks like, let me show you what some of the underlying factors look like and why I think this could be an attempted gap fill rather than just a short term bounce (however as far as trade management, it still may be wise to phase out of the trade with so many uncertain events).
AMZN intraday starting to ramp
The momentum screen looks very good, everything is positive or going positive.
1 min intraday is in line with price which is good.
2 min is leading positive which is better.
And we have positive migration out until at least 5 min charts.
So far, so good.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment