Despite the volatility lately, I think the market moves have been constructive. Why? Take a look at the chart below.
1. NYSE Shows a Reason to be Bullish
2. Wait for a Gap to Fill
It’s sometimes hard to wait for a stock to fill a gap, but they inevitably do. Such is the case with Facebook (NASDAQ:FB), but I’d wait a bit before buying.
3. Amazon Starting to Show Weakness
Amazon (NASDAQ:AMZN) has been perhaps the strongest of the “FANG” stocks. But even it is starting to show weakness. I think you can buy it again in the future, but not until it shows some strength. Back next week, and Happy Father’s Day to all the dads out there!