BobbySpa

AMZN - needs a break!

NASDAQ:AMZN   Amazon.com
This is one to watch. AMZN will need to retest the breakout area at 2050 which corresponds with the 20 day. If the market gets real ugly AMZN will probably need to go back into the channel and look to fill some gaps. Ugly week but suspect the coronavirus is hitting its peak and we will hear less about that and more about an easy Fed which should prolong the equity rally. Still Looking for Dow 30000, S&P 3500 and Nasdaq 10000 before a meaningful correction occurs. This market has been able to climb a wall of worry like no other and I don't suspect if fully stops until the election is over. A pullback of 5-7% would be healthy for this market.
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