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US Markets - Thoughts on AMZN and AAPL
publication date: Nov 5, 2018
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.