How can that be? Something's not right somewhere...
I thought AMZN was uber bullish for transportation...
Posted 27 July 2017 - 09:01 AM
How can that be? Something's not right somewhere...
I thought AMZN was uber bullish for transportation...
Posted 27 July 2017 - 09:41 AM
Wow.... A couple things come to mind.... Higher energy prices can be a drag on Transports... The other portion is related to Car Sales, which in June was the lowest level in over a year.... It could be that the weakness on the downside is escalating on auto sales... The street won't know this until we get Car Sales number... I can say 6 years ago IOT was going so big that most people would have multiple IOT devices monitoring everything... Roughly 4 per person by 2018.... We now have roughly one per person.... For AI being large in cars... The boom for this is at least 5 years out although there is heavy talk now...
Barry
Posted 27 July 2017 - 09:56 AM
Now they know what it feels like to be dragged out of one of their airplanes...
Posted 27 July 2017 - 12:17 PM
Nasdaq under 3.61X Pivot again... 6371.
Could be trouble.
Posted 27 July 2017 - 12:26 PM
From here - bearish objective = the 3.14X down at a gap fill just under 6200...
Posted 27 July 2017 - 12:44 PM
Takes no time at all to shave 100 points off the Nasdaq... amazing...
Now from here we look for a consolidation 6365-6371.
6345 now
Posted 27 July 2017 - 01:36 PM
And it's hard to find an easy way to short the Trannies via ETFs. The tracking ETF's are on the hard to borrow list at Trade Station and inverse ETFs appear non-existent.