REPUBLISHING LAST TRADE RECOMMENDATION CHART = UNTOUCHED
And you can see that the drop in AMZN was very sharp and yet it held the gap support just over 330 and the trendlines I placed from the May-Sep lows last year projected forward (too far, but that's another story for another time)
So, perhaps this is a rebound up to 350-360 before another leg down. Walmart is acting well and could be a sign that the retail group is ready for a bounce.
Risk 338.
Upside 355.
Last 342.90 +6.54 today or 1.94%
Tim
12:52PM EST 4/1/2014
And you can see that the drop in AMZN was very sharp and yet it held the gap support just over 330 and the trendlines I placed from the May-Sep lows last year projected forward (too far, but that's another story for another time)
So, perhaps this is a rebound up to 350-360 before another leg down. Walmart is acting well and could be a sign that the retail group is ready for a bounce.
Risk 338.
Upside 355.
Last 342.90 +6.54 today or 1.94%
Tim
12:52PM EST 4/1/2014
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