Amazon.com Inc.(NASDAQ:AMZN) is surging higher with a strong retail sector today. The stock is trading higher by more than $5.00 to $170.75 a share. This stock could be setting up for a late day breakout if the major stock indexes can hold up. Traders should keep this stock on the radar for a breakout later this afternoon.

With uncertainty about the future of the economy and in particular the indexes sweeping, traders are again sending mixed messages and the markets are flattening out. If you see this as market stabilization then you must also see this as a buying opportunity since after a period of uncertainty and stabilization, there is inevitably a period of growth. For the rest, see http://fiscalfrenzy.com