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Sean HymanSean Hyman
Keymaster
Post count: 4537

Two things I found interesting, that shows the momentum-stock rally may be getting tired:

1) Amazon (AMZN) announced its starting into the prescription drug business today and yet Amazon’s stock was only up 0.15% on the day.

2) Tesla (TSLA) is being added to the S&P 500 index, and while it rallied, it didn’t break out of its recent range on its daily chart.

When “good news” fails to produce great responses on the charts, it’s a sign that the momentum rally could be weakening.