Inverse Head & Shoulders In AMZN, SPX, And All Around!

For the sake of pointing it out but not so much because I want to play this….note the inverse head and shoulders pattern in AMZN.  The neckline (resistance) is ust around $192, which by the way is also an all-time high for AMZN.  The stock is up nicely today after announcing earnings last night, so […]

AMZN On The Run Higher Again

We pointed this out in the weekly newsletter (http://steadytrader.wpengine.com/newsletter/) over the weekend, and today AMZN is off to the races higher again.  At some point here soon a pause is due, but just so we've mentioned it…these inverted head and shoulders patterns are pretty to look at but don't work well (as with most things) […]

Amazon.com (AMZN) Chart Breakout

AMZN has been a rocket ship after announcing earnings last week.  Most notably it broke above the key resistance area of $192 on good volume.  We are expecting a little consolidation here before the stock heads to higher levels.