Amazon.com Slams Into Double Top Resistance

Amazon.com (AMZN) hit double top resistance this past Thursday, only to be slammed back down on Friday's stock market decline. On Thursday, it briefly made a new all-time high.

Alphabet (GOOGL) made a new all-time high. Of the Magnificent 6 (AAPL, MSFT, NVDA, AMZN, GOOGL, META), all have now made a new all-time high in the last 5 months now.

This may be a sell signal, as the laggards have now checked the 'all-time high' box. All eyes are now turning to earnings season with Netflix (NFLX) reporting this coming week.