AMZN $3238: Sell RIP into Earnings in a Toppy Market

29 בינו׳ 2021

AMZN has been griding between channels with not so great technicals. In light of the market reactions to all the great earnings thus far from MSFT AAPL and AMD, I am inclined to sell into strength and possibly play the expected move.

The market is stressed; the system is stressed. I love AMZN but I don't love the tape. So I will wait.