Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, December 28, 2015

AMZN Toppy? Or a Little More?

AMZN has had an amazing run this year lifting from a really deep technical setup.  More recently, its Fall surge was so strong that there has been  debate whether it has been building a topping pattern or it's simply consolidating sideways until it sees what comes next for the broad market. 

Click on image to enlarge

Considering this week is the official week for retail traders to play in the market during their vacation, it would be very easy to get bullish sentiment heading AMZN's way if Yellen can continue the sleigh ride higher into New Year's.  

Trade well my friends


Blog Archive