Friday, March 31, 2017

The Amazon Crash Indicator

The end of the first quarter is today, so Skynet is working overtime to close green, deja vu of last week's Obamacare debacle...

Amazon has peaked at the very end of the rally, every time in the past two years i.e. well after the S&P peak:

Of course Monday of this week was a different story, with the first 20+ point opening gap since the election

Nikkei overnight risk indicator:

The entire rest of retail is ready to final implode, now backtesting the trend line:

Junk stocks

Ameritrade. Or not...


But as long as Amazon doesn't roll over, this will all be fine...

Amazon with Walmart