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Jonas99

AMZN $3238: Sell RIP into Earnings in a Toppy Market

Amazon.com (NASDAQ:AMZN)  
Jonas99  
NASDAQ:AMZN   Amazon.com
Trend Analysis Chart Patterns Technical Indicators AMZN AAPL Microsoft (MSFT) SPDR S&P 500 ETF (SPY)
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trendanalysis chartpattern indicator amzn aapl msft spy
AMZN has been griding between channels with not so great technicals. In light of the market reactions to all the great earnings thus far from MSFT AAPL and AMD, I am inclined to sell into strength and possibly play the expected move.

The market is stressed; the system is stressed. I love AMZN but I don't love the tape. So I will wait.
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