The zig-zag week continues as the market is getting smacked thanks to stalwarts AMZN and GOOGL coming in with less than acceptable earnings and guidance.
Could the mighty AMZN be broken? With the busiest time of year coming up? And Alphabet? Really? Everyone using ASK.com again?
Lots of Bear market this Bear market that talk out there. As I’m typing this, the headline on CNBC says S&P 500 joins NASDAQ in correction territory.
Again, I’m not calling for a Bear here, but as I’ve said all week, I see lower prices short term. As a matter of fact, we are hitting some today.
More in the weekend video, and I may send some updates later on, so don’t freak out about multiple e-mails, or just unsubscribe now and you won’t get any more.
TIME IS RUNNING OUT ON THIS: My friend and fellow trader Matt Morris has a new, free video out which speaks to taking advantage of the mid-term election trend. This has the potential for some good moves this year, so don’t delay- sign up now to watch it.
I may send an update later this afternoon if warranted, so don’t freak out over the multiple e-mails.
Michael “tiny” Saul