Market Might Need a Break, But Google and Amazon Are on Fire

Shutdown?  Debt crisis?  The market ignored everything and ironically is now OVERBOUGHT!   (Yeah, who would have thought?)

In any event, “V” formations usually indicate a market in need of a break.  That means if you have some good long ideas, you might wait for a pullback.

And speaking of long ideas, there are none more prominent than Google (NASDAQ:GOOG) and Amazon (NASDAQ:AMZN).  First up is GOOG, a stock I’ve liked for a while and which finally broke out.

Another favorite of mine is AMZN.  A solid breakout and while it may not go higher Monday, this certainly can’t mark the top.

Back next Friday to see if Congressional squabbling can help Dow see 16K!