What a relief! After that awful jobs report it certainly seemed as if the rally started Monday was going to fizzle out, and maybe break some support levels. Well, the dip buyers had other things in mind. Volume was big early in the session, of course many bailing out on stocks as the BLS released [...]
Category Archives: AMZN
Anatomy of Amazon.com Trades
August 4, 2010 – 4:19 pm
This past week or so we’ve had some good success with Amazon.com. I want to clue you in to what I was seeing at the time to help you learn from the winning trades. Amazon is never an easy trade to get going. Volatility is usually quite high, short interest is always excessive and squeezes [...]
Earnings Galore! CAT, UPS, FCX, CLF, WLT, AMZN, SNDK, MSFT, CMG, MOS, AXP, KWK
July 22, 2010 – 8:13 pm
The market has just been going through big swings this week! This morning, both CAT and UPS reported strong earnings and buyers rushed back into the market. CAT finished the day up +1.69% while UPS jumped +5.23%. FDX outpaced UPS, rising +6.08% (it does look like both FDX and UPS can run much higher from [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, OIH, XLF, XME, INX2, OIH, IBM, TXN, GS, YHOO, SNDK, AAPL, QCOM, SBUX, WFC, FCX, AMZN, NFLX
July 18, 2010 – 6:07 pm
Last weekend, I forecasted: "For the new week, it will be about the earnings. If the earnings are strong and confirm the strength in the economic recovery, the market can continue to rally. Otherwise, the market could turn down to test the recent lows again. On Monday, we’ll hear from AA and CSX after the [...]
Strong Earnings Push The Market Higher! SPX, Nasdaq, CSX, AA, JOYG, GOOG, RIMM, AAPL, AMZN, IBM, PCLN, FFIV, CREE, VMW, CRM
July 13, 2010 – 3:46 pm
Yesterday, after the market, both AA and CSX reported solid earnings. However, CSX ended the day down 1.41% and AA was only up +1.2%. Mining stocks, in general, were only up slightly. JOYG stood out in the crowd, gaining +4.82%. Financials and techs lead the broader market higher. GOOG and RIMM have been popular in [...]
Market Pushes Higher: SPX, Nasdaq, POT, CF, MOS, RIG, DO, APC, HAL, BP, GOOG, AMZN, PCLN
July 8, 2010 – 2:19 pm
Yesterday, I mentioned that "we should see resistance between SPX 1070 and 1080." This morning, the market tested SPX 1070 and started to pullback a bit. But, in the last hour, the market pushed higher again, closing above SPX 1070. Agriculture stocks were strong: POT +4.02%, CF +5.12%, MOS +4.63%. Oil services continued to run [...]
Happy 4th of July! JOYG, OIH, GLD, BHP, GOOG, EOG, V, AMZN, CMG
July 4, 2010 – 7:59 am
Happy 4th of July! A quick note: My Monthly Wrap reports normally only include the closed trades for the month, because it makes things easier to read. As always, the Trade Records page (you might want to make a bookmark for this page) contains detailed records of both the opening and closing trades. Here’s the version of only [...]
June 2010 Monthly Wrap: GOOG, AMZN, CMG, GLD, V, EOG, BHP
July 3, 2010 – 2:36 pm
This year is going by so fast! Already, we are into the 3rd quarter! June was a very volatile month. We saw the market bounce 2 weeks straight to start out; then, a quick 180-degree downturn for 2 weeks to end the month! We traded accordingly and played both sides. We still came away with some pretty [...]
Market Ends Slightly Down In Volatile Trading: SPX, Nasdaq, GLD, GOLD, ABX, NEM, FDX, UPS, DO, BP, RIG, APC, Nasdaq, AAPL, AMZN, CMG, FXE
July 1, 2010 – 4:57 pm
On Tuesday, in my evening article, I said, "There is some resistance at 36 for VIX. We may see shorts start to cover some positions before Friday’s unemployment report. Profit-taking happens on the downside, too! There’s a lot of focus on the SPX 1040. If that does not hold, the next soft support is SPX [...]
Market Stumbles On Economic Worries: SPX, Nasdaq, APA, EOG, IOC, CLF, WLT, BTU, X, AAPL, GOOG, RIMM, AMZN
June 29, 2010 – 4:41 pm
Last night, Chinese stock market’s Shanghai SE Composite Index dropped more than 100 points, or more than 4%. This morning, the US market followed the bearish sentiment, gapping lower. US consumer confidence index fell 10 points in June, the biggest fall since February. The selling continued throughout the day and the market pretty much ended [...]
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