AMZN is a difficult company to evaluate. A lot of potential a savvy CEO but little profit to show for the size of it's business.
The homebuilders index is experiencing a cup with handle pattern. At the current moment, it is at the bottom of the handle. Will volume follow through or will this pattern fail? Technicals do not look promising.
Crude has taken a beating to levels that surprised many, even those who were behind it. These fibonacci levels have proved useful in the past, we are approaching the 786 support level and it will be interesting to see if this nasty sell off is finally reaching a bottom. If not, short CL1! when it rallies into the 8 EMA
Oil has been falling since July and has recently entered into a nice regression trend. Looking to play this channel, buying and shorting Oil until it shows conviction to close outside of the regression channel.