Our key stock-market bellwether, AMZN, has stalled just shy of an important target at $875, implying that the broad averages are likely to sputter and wheeze in the days ahead unless Amazon shares turn sharply higher. The target remain valid, but the stock could fall a further $50, to around $790, before regaining its footing. Although this would not affect my bullish projections for new record highs for the Dow and S&Ps, it does pose the possibility of a setback that would consume bulls’ energy for perhaps a couple of weeks.
