Markets were quiet overnight. The big news is that the US Dollar is up while the Euro is down below parity.
It’s a wait and see day — which seems to be what most of the market is doing with The Fed having its Jackson Hole meeting this week.
► Today’s Daily Pick is AMZN. It’s overbought and headed down — and Don sees it as a canary in the coal mine for the broader economy.
For details on how to play it, subscribe to The Daily Pick right here.
The Daily Pick is Don’s daily alert service, where for just a few dollars a month, he gives you a pick every trading day, complete with triggers, stop loss and profit targets.
ABOUT DON’S DAILY BRIEF:
Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.
The top idea from his daily scan ends up here.
For specific trade instructions, including triggers and stop loss levels, take a look at The Daily Pick, where for just a few dollars a month, you’ll get full trade instructions on Don’s top idea each day.
