sp'60min
Summary
*awaiting earnings from AMZN and GOOG
--
A little weakness into the close, but still, with new historic highs for the sp'500 and NYSE Comp'.. with a post 2009 high in the Nasdaq, today was another victory for the bull maniacs.
The trend is clear... and there looks to be further upside into May.
For me, its now largely about the USD. A key break of the uptrend is underway... that will help give the market a further kick higher into the summer.
The 'fun' really only begins once the USD floors.. whether its DXY 93, 92s.. or a little lower. The hyper-ramp to the 120s will be something that will catch most completely off guard.
Anyway... interesting day...
-
4.10pm.. AMZN EPS -12 cents.. inline... as sales beat...
Stock goes +7%... but now in FULL reverse... -1% or so...
4.33pm.. AMZN swings from an AH low of $371 to $401... but overall... the earnings plain.. suck. Worse board of directors in the western world.
*I have never traded AMZN.. but sure keep an eye on it for purely 'entertainment purposes'.
4.57pm... it would seem other earnings from GOOG, MSFT, and SBUX all came in 'broadly fine'.
-
more later... on the VIX