@atollo AI investments + sustained revenue growth are lifting $AMZN fair value
Multi-year POC shift to $231 fits; $278 acceptance would accelerate upside
@atollo $329 shelf held cleanly. Cloud still the standout (82% growth, $514B backlog) even with elevated CapEx pressuring near-term cash flow. Watching for a weekly close through $343 $GOOGL
$GOOGL - $338
The $329 shelf held and the bounce is now pressing the $343.24 POC
A weekly close through $343 opens $351.53 (0.786 Fib), then the $380 volume-area high
Lose $329 and the map shifts to $317–$306 (0.618 Fib)
Gold Futures trading below the $4,452 POC, still on the MA ribbon / EMA233 / 0.236 Fib confluence
$4,351–$4,184 is the shelf underneath
Hold $4,349–$4,351: first reclaim is the $4,452 POC, then $4,595 (0.382 Fib)
Lose $4,349: August advance unwinds through $4,275–$4,184, then $4,000
DXY 99.14 (+0.09%) · US10Y 4.94%
CPI 8:30 ET
@atollo After the PPI data, the Fed’s rate hike odds next week rose to 70%. Easing oil supported gold, but the escalating US-Iran conflict fueled inflation fears
The 10-year Treasury yield is at 4.96%, a 19-year high. But the big difference between now and then, other than the huge increase in the amount of debt we have to service, is that 19 years ago yields were still falling from a peak near 16%. Now they're rising from lows under 1%.