Paul Re: AMZN
Saw on another thread that Cramer reported that Goldman and others are out of shares to short AMZN. I trade through a SLK subsidiary and sure enough zippo are available. Cramer ended his comment "hey I warned ya" So we might see a squeeze if this up move spikes.
If anyone is interested in a multi-sector view of overbought conditions check this out:http://stockcharts.com/webcgi/wb.exe?CG.web+$COMPQ,$SPX,$INDU,$XAL,$BKX,$BTK,$CEX,$CRX,$XCI,$DDX,$XAU,$HWI,$RXP,$RXH,$IUX,$XEF,$IIX,$DOT,$XNG,$NWX,$XOI,$OSX,$FPP,$DRG,$DJR,$RLX,$XBD,$SOX,$XTC,$UTY|C|h5,5
Drugs, Health Products, Hospitals, Insurance and Retail are the only ones not exhibiting overbought conditions.
Perhaps we will look back on this market bounce as the Easter Bunny hop. He is still hopping down hill, IMHO.
Hope everyone is has a great weekend - Paul what time do you want us to come over?<GG> |
