October 13, 2020, 3:44 pm EDT
Apple Down, Amazon Up
Apple (AAPL) -2% is down after product announcement but Amazon (AMZN) +1% is up slightly during its annual Prime Day activities. Overall mega technology companies are still strong after yesterday’s high volume gap-up breakout. Netflix (NFLX) is also on the spotlight with +3% gain near recent high level.
Earning season starts with a bullish tone. High expectations of stimulus plan and holiday seasons are another driving power to boost stock markets near record high zones.
US presidential election is a wildcard within a couple weeks left. We will keep bullish bias until markets make a turn.