Friday, February 8, 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, as a member of FAANG, receives a lot of bullish spin by promoters. Prime membership and services cannot carry the company if consumer spending slows. I'm watching key reversals for direction. If you're trading retail, blindly bullish stocks, Amazon's key reversals should be tracked. Weekly reversals updated last night. Today's price action is important, so I updated the table.

Amazon reversals

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