Amazon (AMZN)

I’ve made some nice coin off of Amazon.com (AMZN) over the past year. However, if there ever was a time to sell the stock, right now is the time.  The LAST 7 TIMES we have seen the stock sell-off dramatically for at least 2-3 weeks every time the weekly chart of AMZN has broken hard

Pre-market update: European markets are 1.3% higher.  Asian markets traded 0.2% lower. US futures are trading moderately higher.   Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Durable Goods Orders (8:30am), FHFA House Price Index (9am), S&P Case-Shiller HPI (9am), New Home Sales 10am), Consumer Confidence (10am), Richmond Fed Manufacturing Index

Pre-market update: European markets are 1.4% lower.  Asian markets traded 1.7% lower. US futures are trading significantly lower, and off the morning lows.   Economic reports due out (all times are eastern): Chicago Fed National Activity Index (8:30am), Dallas Fed Manufacturing Survey (10:30am) Technical Outlook (SPX): SPX managed to hold its own on Friday

Pre-market update: European markets are trading flat.  Asian markets traded 0.2% higher. US futures are trading slightly higher.  Economic reports due out (all times are eastern): None Technical Outlook (SPX): Massive sell-off yesterday, and the biggest that we’ve seen since 8/8/11, when we dropped 80 points on the SPX.  This kind of volatility hasn’t

Pre-market update: European markets are trading 2.5% lower.  Asian markets traded 2.3% lower. US futures are trading over 20 points lower.  Economic reports due out (all times are eastern): Jobless Claims (8:30am), PMI Manufacturing Index Flash (8:58am), Existing Home Sales (10am), Philadelphia Fed Survey (10am), Leading Indicators (10am), EIA Natural Gas Report (10:30am) Technical Outlook

Pre-market update (updated 9am eastern): European markets are trading 0.3% lower.  Asian markets traded 0.6% higher. US futures are trading at break-even Economic reports due out (all times are eastern): MBA Purchase Applications (7am), EIA Petroleum Status Report (10:30am), FOMC Meeting Announcement (2pm), FOMC Forecasts (2pm), Chairman Press Conference Technical Outlook (SPX): Huge day for

Pre-market update (updated 9am eastern): European markets are trading 0.3% higher.  Asian markets traded 0.1% lower. US futures are trading slightly higher Economic reports due out (all times are eastern): FOMC Meeting Begins, ICSC-Goldman Store Sales (7:45am), Consumer Price Index (8:30am), Housing Starts (8:30am), Redbook (8:55am) Technical Outlook (SPX): The saga continues as the SPX

Pre-market update (updated 9am eastern): European markets are trading 1.1% higher.  Asian markets traded 1.6% higher. US futures are trading moderately higher and in excess of 10 points on the SPX. Economic reports due out (all times are eastern): Empire Manufacturing Survey (8:30am), Housing Market Index (10am) Technical Outlook (SPX): Strong price action this morning

Pre-market update (updated 9am eastern): European markets are trading 0.6% higher.  Asian markets traded 0.8% higher. US futures are trading slightly lower. Economic reports due out (all times are eastern): Producer Price Index (8:30am), Current Account (8:30am), Industrial Production (9:15am), Consumer Sentiment (9:55am) Technical Outlook (SPX): SPX  bounced perfectly yesterday off of the 50-day moving

Pre-market update (updated 9am eastern): European markets are trading 0.2% higher.  Asian markets traded 1.4% higher. NIKKEI bounced nearly 5% US futures are slightly higher ahead of the bell.  Economic reports due out (all times are eastern): None. Technical Outlook (SPX): SPX bounced for us as did the entire market on Friday providing a great deal