Amzn only 40 pts from ath. It smells it . What better headlines than 100 p/e Amzn worth $1.1 tril and hits all time high. Things can't be all that bad can they?
Out at $172 and change. That'll work. Love this stuff, but done 4 now. Muttley needs her walk. Tried to take a cute picture of her with a mask on... she would have no part of it.
Increasingly bullish by the minute, but still within the script of a retrace in a down day. Final line in the sand here at 39-43, IMO. Taking out that zone combined with NQ's strength - I'd say long and new highs by the Close.
I don't think Amazon is a good proxy for the market right now. In fact, the longer we're hunkered down, the better for Amazon (and the worse for retail stores). I remember that chart making the rounds in 2008 Not saying it could not happen in Europe or the US, just that all the people betting on it happening a decade ago got nowhere. Really nice entry before, Kid, congrats. Right now we're about 50% retrace from the move down, methinks.
Hahahah. (muttley's on hold) The market gods are playing me. See the hod... ? I'll wait, its goin higher.