The big event this afternoon is going to be Amazon, which reports earnings immediately after the close. I don’t touch this stuff myself, but my gut feel is that it looks pretty strong. It’s near lifetime highs, but it’s frankly a fairly inscrutable chart right now. I’d love to see it take a hard fall, of course, for a LOT of reasons, but I wouldn’t be surprised to see it pull a Google and blast to lifetime highs instead.
The perspective chart shows that Amazon isn’t quite the wild ‘n’ wooly beast it used to be. In fact, it’s become a pretty boring blue chip.
