AAPL, AMZN and GOOG Forecasts – Major Tech Stocks Looking Stretched
Amazon looks like it is going to be a little bit squishy and soft to kick off the session, but quite frankly, this is an explosively bullish market, so a pullback towards the $260 level would make a certain amount of sense, as it was a previous swing high, it should now be support. Regardless, I have no interest whatsoever in trying to short this market, and I do think that Amazon continues to go higher.
We are overdone, so that pullback I think just simply gives traders an opportunity to pick up stock at a more reasonable price than has been offered over the last couple of days.