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No idea up or down from here. I think it's now the time when "not sure, always assume up". The generally pattern in those kind of days is gap up, down upon open for an hour or two then spends the reset of the day up and up. Let's see.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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Amazon Prime Day, today and tomorrow
Walmart started a competing four-day sale on Sunday.
Target is emphasizing sales on its exclusive clothing and home goods shoppers can’t buy on Amazon.
In total, 250 retailers are staging their own sales to compete with Prime Day - up from 194 last year.
It is estimated that shoppers are going to spend $5.8 billion on Amazon during the two day sale, an 11% increase from last year's 36 hour sale when converted to spending per hour.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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