In spite of the surging, surging, surging stock market, one puzzling outlier is the former momentum stock Amazon.
In spite of the surging, surging, surging stock market, one puzzling outlier is the former momentum stock Amazon. Anything this well-known (and well-loved) that sits out a day like this merits attention. It needs to get above the tinted zone I’ve drawn below to reassert itself; otherwise, I think it’s just going to roll over at the first sign of market weakness (should such a thing ever be permitted in our lifetimes).
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