AMD BEAT AMAZON BUT NOW A SHOOTING STAR IS IN THE WAY $AMD $AMZN $NVDA $AMAT $INTC $SMH $SOXX $MU $LRCX $AVGO $IWM $QQQ $SPY $DJIA
For a long time Amazon has been a favorite of the momo (momentum) crowd in this momentum-driven stock market.
Amazon AMZN had been consistently ranked No. 1 in money flows. Recently all the planets aligned for AMD AMD and AMD dethroned Amazon to become No. 1. The planetary alignment for AMD included troubles at competitor Intel INTC, a new product introduction, a technical breakout, a short squeeze and an analyst setting a $30 share-price target based on his information that many institutions were looking to take big positions in AMD.
Now there is a so-called shooting star getting in the way.… Please click here or the title below to read more.
August 28, 2018