Can Amazon’s (AMZN) Run Continue?

Despite Apple's (AAPL) fall from grace and general weakness in the technology sector, Amazon (AMZN) continues to out-perform ahead of its earnings.

   

Amazon (NASDAQ:AMZN) is scheduled to report earnings Tuesday, Jan. 29. John Lansing looks at AMZN’s chart to show the recent ramp up in the stock.

Video Transcript

On the flip side, while we might have Apple (NASDAQ:AAPL) that continues to make new 52-week lows, one other high-beta stock, Amazon (NASDAQ:AMZN) continues to make new 52-week highs. While it probably is overextended to the upside in the short term, conversely Apple is probably overextended to the downside in the short term.

Though we continue to see a handful of stocks within the technology making new highs, we have a lot more that are making new lows. However, there’s probably no sector that’s worse than commodity stocks, specifically gold and silver stocks.

Find the next video here, in which I take a look at gold and silver stocks.

InvestorPlace advisor John Lansing tracks the charts all day and offers expert technical analysis in his day trading, options and trading services: Power Trading at the Open, Parabolic Options and Trending123.  For more information on which service is for you click here.


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