Thursday, January 31, 2019

#Amazon Review $AMZN

Amazon Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Amazon's trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.

Subscriber Comments:

Amazon is a widely tracked FAANG stock that many describe as the market leader. This market leader, however, is tired and needs a monthly reset. A monthly reset can be price, volume, or both. Amazon's daily, weekly, and monthly reversals define key supply/demand zones. Watch Amazon's monthly reversal. It has only one right now. A close below it, accelerates the decline. It could also act as support.

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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.