A Cup and Handle Pattern on the hourly. Depth of the Cup is $55 The target of this move is $660
Im expecting AMZ to Bounce of from 580 and than heading toward 200 SMA. Maybe Bear-Call-Spread for next week?
People frequently remark that they don't like to trade underlyings like AMZN, GOOG, or NDX merely because the price of the underlying is "huge." However, unlike trading these underlyings directly -- a totally unworkable if not inadvisable trade for most people, using defined risk options strategies such as iron condors offer a method to trade these behemoths...
Analyzing the situation, I noticed that today AMZN has confirmed the breaking point of the last month's trendline. I have reason to believe that within the next 4 days we will see a little decrease but it will be a sort of stabilization and then it will start growing establishing a new trend. I have reason to believe that it will reach a +8,59% point in 19 days...
Basic TA $GS keep it simple Gap Down Break out of triangle in to Rectangle Supports Mapped Out along with Trendlines The Market is Fluid Right now i see it going lower or sideways Only Time will tell. ;)
This is a "kid in a candy store" week, with a good selection of earnings plays to choose from: AAPL: Tuesday, after market close BA: Wednesday, before market open FB: Wednesday, after market close BABA: Thursday, before market open CAT: Thursday, before market open AMZN: Thursday, after market close MSFT: Thursday, after market close I'll post setups on Tuesday...
ANYONE CAN ENTER.....YOUR EXIT IS WHAT DEFINES THE TRADE.....
WE GET PAID TO WAIT AS TRADERS.....WAITING FOR THE BEST SETUPS AFFECT ONES BOTTOM LINE DRAMATICALLY.
Going through Amazon I saw a trend of gap ups recently that I wanted to share with you guys. Waiting on confirmation in coming months, we will see how this plays out. RSI has been a great teller of the trend.
Past few days, we have seen failed bounces here in the market. One key level has come to my attention that is actually going to determine the next move. That is the green support line (191.70). On the daily chart that is a very active support/resistance level. As you can see I circled the past few days activity around that level. Traders are playing off that...
Lots of short indicators. Would trade at least for the short term if not long. Keep in mind the graph is logarithmic so the gain could be quite substantial even with a quarter of target movement.
$HOG looks a little under the weather, could be time for a tune up markets looking to go lower and $HOG seems to want to follow them, Time for your oil change Shorts in favor the market is fluid. Could Spike due to low gas prices but i see it going lower in the overall long term.
Completely parabolic action today in the spy. 1) ran right into resistance on daily chart 2) fading volume of trend 3) RSI didn't register overbought when market made its last structure high 4) blow off top candle on 30 mn chart 5) lots of selling on level two The rectangle below is the profit target (2 gaps down there that need to be filled)
Playing the population growth theme with books & education, and will Amazon or Google ever buy out Barnes & Noble? Hanging out here while collecting the dividend.
On the log scale, there's a clear trend channel. However, the action that occurs within each quarter varies predictably-- after about 40 days into the quarter, any trend that has formed gets broken. Green vertical lines are a day after quarterly reports, white lines are when the trend for that period gets broken. Arrows are overall market events, which cause...
In the morning I will be watching for a green to red for another short opportunity, but careful because if it gaps down then could be a long opportunity. Keep stops tight!