US Markets - Thoughts on AMZN and AAPL

Cerundolo Investment Research    

US Markets Update  

Volume 2, Issue 20
November 5, 2018


Items of Interest: 

  • Not to late to reduce exposure in both names.
  • AMZN had a sharp three day rally into resistance after hitting its first target at $1495. A close below this level is likely to lead to another leg lower.
  • AAPL has two break away gaps in the last couple of days. Today's price action has formed a bearish weekly Money Flow Unit with a downside target of $180.









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