AMZN Video-Is AMAZON Losing Out?

Amazon (NASDAQ:AMZN) stock is falling off and is not doing better even with the release of the new Kindle DX. But this is not something peculiar with Amazon. Several technology related stocks are in trouble. Apple (NASDAQ: AAPL) has taken a hit after some problems developed with the release of the new iPhone 4 with it’s stock dropping.

Amazon stock had been doing good and was in an uptrend but may not be now. You need to watch this latest video by Adam Hewison on the Amazon stock and what’s happening to it. Adam Hewison, President of INO.com, Co-founder of MarketClub: “Is Amazon losing it? In today’s short video we look at Amazon, not the river, but the stock. Yesterday (6/28/10) I spotted some market action that I wanted to bring to your attention. Unfortunately, I could not release this AMZN Video any sooner because of scheduling. Amazon is in a whole lot of trouble in my opinion. Not only are our “Trade Triangles” negative, but also an important technical element for Amazon was breached. This one element is one of the simplest, yet most powerful technical tools you can use in trading. I think you’ll enjoy this very simple approach as it has worked consistently over the years. As always our videos are free to watch and there are no registration requirements.

Doom for the Markets?

Does this one chart line spell doom for the markets? Make no mistake about it, last week was a very important week for the stock market. Looking on the weekly equity charts, you will see one of the most powerful Japanese candlestick lines. This one line on the chart indicates that there could be some major problems ahead for the stock market. In my new Stock Market Video I explain what this line is and how it can play out in the short and longer-term time frames. As always our videos are free to watch and there is no need for registration. I would really like to get your feedback on this powerful formation and what you see for the markets ahead.”