Amazon & The Coming Armageddon!
Serious warning! The stock market is so weak and about to head back down and take out the lows made on Monday Jan. 24th. The created “good news” earnings report for AMZN is slowly starting to dissipate. By the time the stock market opens, in a little less than two and a half hours, AMZN will be lucky to touch around the 3000 area where it closed on Wed. That gap created at yesterday’s open should get filled and then all hell is going to break loose. It may not all happen today but sometime next week we should see all the lows from Jan. 24th taken out as the stock market plummets and continues it’s descent into a bear market.
Agree, 28500 target and lower are in play on the DOW.
I have rarely seen such acts of desperation … like AMZN up $440 in a day.
Or, look at this: https://finance.yahoo.com/news/bitcoin-is-a-100-year-investment-micro-strategy-ceo-181025685.html
Even the greatest gold bulls will say to sell some/most gold after a 5-7-10 bull run.
Now the true hopium is emerging! Tech and BTC and alt-coins and stable-coins (ROTFLMFAO on the last one).
IMHO, this bear accelerates next week!
GL