Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 20th of December.
Amazon
Amazon (NASDAQ:AMZN) moved over the $400 a share level for the first time in its history. I have been positive on Amazon since June 7th of this year, when the monthly Trade Triangle kicked in at $277.40. It is clear now, to almost everyone, that Amazon is the 900lbs gorilla in the retail space. It's going to be almost impossible to dislodge them from this position, in my opinion. Certainly the new generation of shoppers are going to bypass the Walmarts (NYSE:WMT) and the Targets (NYSE:TGT) of the world, especially when you think of the security breach that took place at Target just recently. I expect Amazon to trend higher.