Wednesday Morning Market Thoughts

Wednesday Morning Market Thoughts

Yesterday's intraday reversal at $1318.50 in the S&P 500 lifted the index so that it could close above the 50 day moving average.  The 50 day moving average has not been well respected as of late, which is why we believe an area around $1300 would serve...
AMZN On The Run Higher Again

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...
Amazon.com (AMZN) Chart Breakout

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...