Amazon’s Crypto Plans Threaten Credit Card Giants as Market Opens Strong

by | Jun 16, 2025

>>>Live trading from A to Z at NOON ET TODAY: Finding perfect daily charts, taking into account major catalysts, confirming relative strength, execution using 5-minute charts, HA reversals vs. VWAP pullbacks, selecting the right option and swinging or scalping!<<<

Stocks are strong across the board with several major and minor catalysts on deck today as we begin a holiday-shortened week.

We have tensions in the Middle East, bond auctions, the Empire State Manufacturing Index at 8:30 a.m. ET, Visa (V) and Mastercard (MA) on news that Amazon is looking into stablecoin payments so it can bypass credit card fees and shipping stocks.

I’ve been talking about companies using crypto for payments for the past six or seven years, and it will be bad for credit card companies — Amazon accepting crypto payments will be a major, major shift. This would make crypto a real part of our economy. 

We also have a market holiday on Thursday for Juneteenth, which likely means this week will be very subdued, especially on Friday.

The U.S. dollar is coming down again as money moves back into the market. It’s below par and will deter investors from putting their money into the U.S. market…

I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!

Roger Scott
Roger Scott Trading

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WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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