$AMZN TOP 20
Added 2024-05-12 18:14:32 +0000 UTCPPI on Tuesday, CPI on Weds.....CPI being the big one, if it comes in HOT and adds to Aprils report, then this will not be good for the market and there will likely be enormous selling pressure so I really can't rule out any option right now.....and I would be doing members a disservice by saying something will definitely happen when there is no way we can confirm this until the print happens on Weds.
So I have added in a potential Wave 5 level at $210 if CPI comes in cooler than expected and the market believes that a rate cut can happen in Sept, the market will likely drift higher until this happens.
I still own 50% of my $AMZN holding and for reasons like this possibility is why we never sell a full position, especially a core stock like $AMZN where I have built my portfolio around for the last 18 months
I will not add again to my position tho, I would rather look at something else that isn't extending in Wave 5.
