Wednesday, February 13, 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 held the weekly reversal, at least so far. The bounce from the weekly reversal is on light volume, so saying the verdict is still out (we don't know if the reversal will hold) would be prudent. Smart money is watching this one as private consumption is 70% of US GDP.

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