AMZN – Amazon (Last:822.56)

this-amzn-pictureThe bullish chart shown makes the most sense to me for now, notwithstanding my skepticism toward the stock market as a whole and the aging bull. It makes a pullback to 815.59 a ‘mechanical’ buy, stop 803.09. I’d suggest substituting a ‘camouflage’ entry on the 5-minute chart, since the implied $1200 risk of a mechanical one is a bit rich under the circumstances. If AMZN, my number one bellwether, can get to 853.04, then AAPL is headed to a correspondingly outlandish target. (See my AAPL tout elsewhere on this page for explicit details).