It's gotta make you wonder...

As much as that is an interesting comparison its tough to even think this would mark a top, the reversal was quite nasty considering how strong every index was at the open and into mid afternoon especially with huge gap ups on tech once again. Tomorrow should be very interesting but we have seen this hundreds of times where markets will just erase losses the next day and move into more historical gains. Nasdaq has rarely been down more than 2 days in a row since March. Earnings will just drive markets higher even if they are dismal, which we all know they will be. Free pass for entire year on every disastrous earnings result.
 
Interestingly, the only comparison I could make to this recent market action has been early 2000, with all of the retail traders driving up a handful of stocks. We'll see how this turns out. The market breadth hasn't been great the past several weeks. The reversals on TSLA, NFLX, GOOG, AAPL, and MSFT were pretty nasty today.
 
OptionsOptionsOptions said:
IMO ....... AMZN will have very good earnings. COVID-19 has driven lots of business to them.
More...


Of course it will, my prediction is that this will probably be the best quarter in the companies history. Thats why I think the stock has been running red hot. Probably will run up 5-7% after earnings.
 
You must log in or register to reply here.
Back
Top