Going through Amazon I saw a trend of gap ups recently that I wanted to share with you guys. Waiting on confirmation in coming months, we will see how this plays out. RSI has been a great teller of the trend.
Fundamentally this company is in rather good shape, just take a look at the balance sheet. We are all well-aware of the demand of IT security, it's now being openly discussed on television from the likes of people like our own president! I digress.
From a TA perspective, it did not break the bottom trend-line (Red Line) and I do not account the 'Flash Crash' of...
What we saw on September 29th, 2015 was a systematic flush in overcrowded trades related to fears and woes of geopolitical tensions. We are squandering in the same woes of the summer, but no flush? If it was going to happen it would of most likely happened already within these first two weeks. Yes, by no means was it an easy two weeks, but we did not see a major...
