So I pulled up AMZN and while I don't have a read, it reminded me of something I wanted to mention earlier.
Pull up a 30-min or a 15-min chart (its the best for viewing this phenomenon) of GOOG, MSFT, QQQQ, SPY, SMH, CSCO, INTC, DIA, PFE, GE, ...even QID...any of the biggies. Look at the HUGE volume ALL DAY today. Very odd action for what really was a sleepy day in terms of price movement for many of these.
Its super weird, its totally out of place, and I have no idea what it means. Big turnover of shares across all the issues with no price movement. I've never seen anything like it on this scale. |
