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The Chartman

Amazon Highlights Sloppy Week for Stocks

It was a pretty sloppy week on Wall Street.

Although, who can be surprised? It’s been a pretty sloppy month for the stock market.

In fact, apart from July 1, the market hasn’t moved a bit.  But, we’re still heading up, so nothing to do but wait out the muck.

Yuck rhymes with muck, and that’s exactly how you’d describe Amazon (AMZN) on Friday.  I think it’ll eventually climb back to the low $300s, but not before dropping further first.

On the flip side, Verizon (VZ) was actually positive Friday, and I think it moves higher. Look for another 10% gain as it closes in on 2013 highs.

Back next week to enjoy the dog days of August.

Gary B. Smith joined FOX News Channel in 1999 and is currently a regular commentator on "Bulls & Bears," including his own segment called, "The Chartman."