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Amazon Soars To The Chagrin Of These Two Companies

Adam Hewison - MarketClub

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Hello MarketClub members everywhere. There is no doubt about it; Jeff Bezos has built a fantastic company. When he first started selling discounted books, he wanted to give his company a big name. The biggest thing he could think of at the time was Amazon which is the largest, mightiest river in the world. Jeff's premonition for calling his company Amazon turned out to be very fortuitous as Amazon is without question the biggest online store in the world.

I have to admit; I'm a customer of Amazon.com Inc. (NASDAQ:AMZN) like millions of other people who love the service. What Amazon does better than anybody else is sell products and deliver them and make it all incredibly easy and pain-free. 

There is a catch, however, in the marketplace and in life there is no such thing as a free lunch, someone has to pay.

In Amazon's case, I believe that the malls are going to pay as they are going through some extremely challenging times. Brick and mortar retailers are becoming more and more challenged every day as Amazon takes more and more business away from what used to be how America shopped and purchase products.

Two property companies that own malls throughout America are, Simon Property Group Inc. (NYSE:SPG) and General Growth Properties Inc. (NYSE:GGP). Both of these companies lost ground for the month of September. The Simon Property Group lost almost 1% while General Growth Properties 1.65%. In contrast to that, Amazon was up 4.64% for the month of September. I don't for a second believe this action is not correlated. Both SPG and GGP have enjoyed a good run, but it may be time to pay the piper - in this case, it is Amazon.

The Trade Triangles have performed extremely well trading Amazon. The last buy signal came in on July 6 at $728 a share. You can check that out by bringing up a daily chart of Amazon and putting in the weekly Trade Triangles. 

Another big event this past week was the fact that all of the Trade Triangles have turned green on the NASDAQ indicating a strong upward trend for this index.

In today's video update, I will be analyzing all the indices, gold which just moved over the 50 RSI line and ABX which gave a weekly Trade Triangle signal to reenter the market from the long side.

Crude oil continues to meander with a weekly gain so far of 2.56% which is followed by a monthly loss of 1.96%. This puts crude oil in no man's land for the month.

Based on the close of business Thursday, 22 September here are the weekly winners and losers for the week so far:

DOW (INDEX:DJI): Up 1.48%

S&P 500 (CME:SP500): Up 1.78%

NASDAQ (NASDAQ:COMP): Up 1.84%

Gold (NYMEX:GC.Z16.E): uUp 2.46%

Crude Oil (NYMEX:CL.X16.E): Up 2.56% 

Based on the close of business Thursday, 22 September here are the monthly winners and losers for the month of September so far:

DOW (INDEX:DJI): Down 0.05%

S&P 500 (CME:SP500): Up 0,29%

NASDAQ (NASDAQ:COMP): Up 2.41%

Gold (NYMEX:GC.Z16.E): Up 2.47%

Crude Oil (NYMEX:CL.X16.E): Down 1.96% 

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