Apple And Amazon Now At High Risk Levels?

Tom Aspray, Contributor, Forbes
Wed, 07/23/2014 - 7:58am

The sharply higher opening Tuesday in reaction to earnings from Netflix, Inc. (NFLX) and Chipolte Mexican Grill (CMG) stabilized the market’s short-term outlook. The S&P futures broke out of their recent trading range during the day but failed to breakout on a closing basis. The S&P 500 also made a new intra-day high. Another strong close should be enough to signal another push to the upside as the market internals were 2-1 positive Tuesday.

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