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The Compound and Friends: The Dumbest Crash Ever
Michael Batnick
August 09, 2024
Traders: Is Amazon Primed for More Upside or a Bearish Reversal?
Amazon surpassed $200/share, and its upcoming quarterly earnings could drive further movement. The Direxion Daily AMZN Bull 2X Shares and Direxion Daily AMZN Bear 1X Shares (AMZU and AMZD ) seek daily investment results, before fees and expenses, of 200% and 100% of the opposite, respectively, of the performance of the common shares of Amazon.com Inc. Explore AMZU and AMZD.
Distributor: Foreside Fund Services, LLC.Today’s Compound and Friends is brought to you by Global X:
Today’s Compound and Friends is brought to you by Global X:
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On today’s show, we discuss:
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I reduced my exposure into the strength this morning. Over the next few weeks, I feel the market will see a normal pullback (and eventually correct down to its 50-day into August). In other words, it won't be straight down because the market is very resilient.
I have a feeling… x.com/i/web/status/1…
— Joseph Fahmy (@jfahmy)
3:33 PM • Jul 9, 2024
Did the world end in the last 14 days and I did not get the memo?
Why do I say this? See the chart below.
The top panel (green) of the chart below shows the percentage of newsletters that were bullish.
Two weeks ago (July 23), 64.20% were bullish. As labeled, this was one of… x.com/i/web/status/1…
— Jim Bianco (@biancoresearch)
4:14 PM • Aug 7, 2024
Recommendations:
JC Parets
Joe Fahmy
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