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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (14692)1/8/2021 12:59:23 PM
From: ajtj991 Recommendation

Recommended By
Lee Lichterman III

  Read Replies (1) | Respond to of 97379
 
AMZN's earnings are coming up right around the time $2,000 stimulus are going to be dropped in everyone's laps. That adds to the intrigue.

I think AMZN is set up to blast up out of earnings. The daily still needs to correct down a bit, however, but I don't think it will drop below $3,100 on a closing basis prior to earnings. We'll see.



To: Lee Lichterman III who wrote (14692)1/8/2021 1:24:43 PM
From: The Ox2 Recommendations

Recommended By
ajtj99
Lee Lichterman III

  Read Replies (1) | Respond to of 97379
 
There is some steam leaving at the moment. Crude is up but XOP is down. Gold getting hit as well. Some of the higher flyers look like they're getting clipped.

.

A healthy pause is not a bad thing, IMO.