{"id":43114,"date":"2017-06-16T14:50:27","date_gmt":"2017-06-16T18:50:27","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=43114"},"modified":"2017-06-16T14:50:27","modified_gmt":"2017-06-16T18:50:27","slug":"amazon-makes-a-bold-move","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2017\/06\/amazon-makes-a-bold-move\/","title":{"rendered":"Amazon Makes A Bold Move"},"content":{"rendered":"<p>Hello MarketClub members everywhere. I expected the market to react in a positive light when it was announced that <strong>Amazon.com Inc. <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NASDAQ_AMZN\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NASDAQ:AMZN)<\/a><\/strong> would buy <strong>Whole Foods Market Inc. <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NASDAQ_WFM\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NASDAQ:WFM)<\/a><\/strong> for 13.6 Billion dollars. However, that was not the case. <\/p>\n<p>The likes of <strong>Wal-Mart Stores Inc. <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYSE_WMT\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYSE:WMT)<\/a><\/strong>, <strong>The Kroger Co. <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYSE_KR\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYSE:KR)<\/a><\/strong>, <strong>Sprouts Farmers Market Inc. <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NASDAQ_SFM\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NASDAQ:SFM)<\/a><\/strong>, and so on are down significantly on the day. Which of course is putting pressure on the overall market. What do you think about the announcement? <\/p>\n<p><a href=\"http:\/\/club.ino.com\/join\/videos\/latest\/?vidid=club-mc_update_20170616&mkt=freetrial-blog1pm0616\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"\/img\/sites\/ino\/email\/8649.jpg\" alt=\"MarketClub's Mid-day Market Report\" width=\"638\" height=\"354\" \/><\/a> <\/p>\n<p>Crude Oil is up on the day, but it's still 2.5% lower for the week. That would be its longest run of weekly losses since August of 2015. This comes as OPEC member Libya restored production and the surplus in the U.S. shows little sign of abating. <\/p>\n<p>Key levels to watch next week:<!--more--><br \/>\n<strong>S&P 500 <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/CME_SP500\/?mktcode=tradersblogsymbols\" target=\"_blank\">(CME:SP500)<\/a><\/strong>: 2,403.59<br \/>\n<strong>Dow <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/INDEX_DJI\/?mktcode=tradersblogsymbols\" target=\"_blank\">(INDEX:DJI)<\/a><\/strong>: 20,942.57<br \/>\n<strong>NASDAQ <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NASDAQ_COMP\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NASDAQ:COMP)<\/a><\/strong>: 6,107.85<br \/>\n<strong>Gold <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYMEX_GC.Q17.E\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYMEX:GC.Q17.E)<\/a><\/strong>: 1,281.70<br \/>\n<strong>Crude Oil <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYMEX_CL.Q17.E\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYMEX:CL.Q17.E)<\/a><\/strong>: 46.68<br \/>\n<strong>U.S. Dollar <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYBOT_DX.M17.E\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYBOT:DX.M17.E)<\/a><\/strong>: 97.70<\/p>\n<p>Every Success,<br \/>\nJeremy Lutz<br \/>\n<a href=\"http:\/\/www.ino.com\/\" target=\"_blank\">INO.com <\/a>and <a href=\"http:\/\/club.ino.com\/members\/?mktcode=blogjl\" target=\"_blank\">MarketClub.com <\/a><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Hello MarketClub members everywhere. I expected the market to react in a positive light when it was announced that Amazon.com Inc. (NASDAQ:AMZN) would buy Whole Foods Market Inc. (NASDAQ:WFM) for 13.6 Billion dollars. However, that was not the case. The likes of Wal-Mart Stores Inc. (NYSE:WMT), The Kroger Co. (NYSE:KR), Sprouts Farmers Market Inc. (NASDAQ:SFM), [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[8949,6249,8941,4257,6320,6319,8821],"class_list":["post-43114","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-crude-oil-nymexcl-q17-e","tag-dow-indexdji","tag-gold-nymexgc-q17-e","tag-mid-day-report","tag-nasdaq-nasdaqcomp","tag-sp-500-cmesp500","tag-u-s-dollar-nybotdx-m17-e"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon Makes A Bold Move - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2017\/06\/amazon-makes-a-bold-move\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon Makes A Bold Move - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello MarketClub members everywhere. I expected the market to react in a positive light when it was announced that Amazon.com Inc. (NASDAQ:AMZN) would buy Whole Foods Market Inc. (NASDAQ:WFM) for 13.6 Billion dollars. However, that was not the case. The likes of Wal-Mart Stores Inc. (NYSE:WMT), The Kroger Co. (NYSE:KR), Sprouts Farmers Market Inc. 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