AMZN, BABA update 4/27

AMZN: beat on earnings this afternoon. Now in intermediate wave iii of major 5. Target ~$1065 for all of major 5 (primary V)



BABA: has reached our ideal wave-v target zone: 113-118. hence profit taking is prudent at this stage. if it goes higher: great catch the next bus. if not, you nailed the high. this is thus a win-win trade. The advance has been horrible choppy of the past months with as many up as down days, but it got where it needed to go. that’s all that matters.