|Min-Max giorno||1.185,30 - 1.185,30|
|Contratto - Min-Max||N/D|
Amazon.com, the world’s largest online retailer, reported that its profits hit an all-time high in the second quarter as online sales surged amid the COVID-19 pandemic, sending its shares up 5% to $3,204.60 in after-hours trade on Thursday.
The coronavirus stock market rally began the next volatile week after closed previous week with modest losses. After the Nasdaq reached its record high on Tuesday, the technology sector backed market rally sold off sharply Thursday the previous week, fueled by the likes of Apple, Intel, Amazon, Google and Tesla stocks.
Shares of ZoomInfo (ZI) surged more than 70% on its market debut on the Nasdaq on Thursday, the first technology IPO since the global pandemic.
Summing up, the 61.8% Fibonacci retracement challenge fizzled out yesterday, and given the Amazon aftermarket developments, the S&P; 500 is bound to open lower later today.
The markets never gained traction on Monday as investors turned their attention to the start of the corporate earnings season, with JPMorgan Chase, Johnson & Johnson and Wells Fargo among the companies set to report.
All four MAGA stocks are highly correlated with the benchmark S&P; 500 Index, but given their different business models, it looks as if Amazon should outshine the rest.
The earnings season in the United States is in full swing. This means that stocks of the largest American companies will likely make big moves. Below we have gathered some important information for those who want to trade on these releases.
If there is no follow-through to the downside then the market is likely to resume its uptrend early next week. This will likely be fueled by a bullish outcome over Brexit this week-end. Friday’s price action and close at 7880.75 didn’t mean much to the chart structure, other than making 7994.75 a new minor top.