AMZN
AMZN seems to be losing its mojo around the holidays.
Volume has dried up and relative strength to the Nasqaq is terrible.
Shorting to the 290s seems like a great risk reward, considering the QQQs seem in the short term overbought
Slowdown in consumer shopping and spending going into the 1st qtr of 2015 could be a huge problem for AMZN
Positive headlines from BABA can sink sentiment even fiurther on AMZN
Low 280s could be a buy point if institutions start accumulationg again
below 260 could signal major trend shift
* Things to watch out for
AMZN seems to be losing its mojo around the holidays.
Volume has dried up and relative strength to the Nasqaq is terrible.
Shorting to the 290s seems like a great risk reward, considering the QQQs seem in the short term overbought
Slowdown in consumer shopping and spending going into the 1st qtr of 2015 could be a huge problem for AMZN
Positive headlines from BABA can sink sentiment even fiurther on AMZN
Low 280s could be a buy point if institutions start accumulationg again
below 260 could signal major trend shift
* Things to watch out for