I believe AMZN is in position to make a new local high, perhaps even an all-time new high, however it is VERY much in the same position as NFLX as shown yesterday.
I'd be looking for at least >$275 or better, this also suggests the market upside is not done yet, although the Hacked "Twitter" account of the Associated Press sending out a message that there were two explosions art the White House with the president injured, is obviously what sent the market reeling minutes ago.
In any case, keep AMZN on your radar, it also seems to suggest further market highs in the coming day/days...
Is interest rates about to start going up?
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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
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