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I Sent You Amazon on Thursday and It Ran Monday

The market ripped on Monday, but I still won't chase it. The bulls I've been calling stubborn for a month showed up and ran the whole tape, and my Amazon call from Thursday, the one I sent you with a target on it, took off with them. So I got paid on a day I didn't trust, which, listen, is a pretty good day. Here's what I didn't do. I didn't buy the index. Because a monster green day inside the same range we've been stuck in since May is not a breakout, it's a monster green day, and the Qs and the SPY still haven't taken out the high. So below I'm going to show you how I made money on a market I don't believe in, and the one thing I check before I'll ever chase a green day. Learn this one and days like today stop fooling

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The 30-Second Test That Tells You What Kind of Market This Is

The Qs haven't made a new high since May. Four months. The S&P and the average stock kept going and topped out in the middle of August, and since then all three have been rolling over together. Everybody's still calling this a bull market, and technically it is, but the leader has been going sideways since Memorial Day and nobody wants to say it out loud. Okay so, here's what I want to give you today. There's a two-question test I run on any market, it takes thirty seconds, and it tells you whether you're in a bull market that's strong or one that's just being defended. It's also the reason I can be bearish on this market and buying Amazon at the same time, and I'll show you exactly how both are true. Listen, the bulls are going to be stubborn here. I've been saying the market looks weak,

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(New Video) Amazon Has Had Enough

Okay so, Amazon. This stock has been through it. It tried to break out and got taken straight to the woodshed. It got a little bit of a break at the end of August, and then they totally faked it out again, and if you've been holding this thing, I know exactly how that felt, because that fakeout was mean. And I think it's had enough. Enough already! This week it fell back into a spot on the chart where it's been bought before, and it got bought again. That's the thing I wait for on a beaten-up stock, and I don't get it often. My scanners started pinging bullish on it too, and they don't do that on something that's still falling. So in the video I show you the chart, the spot, why I think this is a great place to buy it, what I'd buy, and the

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