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Amazon (AMZN) trade updatesClosing of the GAP at the end of April for Amazon, which had lateralized after the split. In a week characterized by a positive reaction from the markets, thanks to quarterly better than expected or, as in the case of amazon, less bad than expected and thanks also to a Fed that simply confirms what it had anticipated. Now the key data will be those of July inflation, considering that some people think that the peak occurred in June. They are up almost 40% on Amazon and 30% on Apple , two companies that are almost a safe haven asset in difficult times. For this reason, I will not liquidate the whole position but on the contrary, I will accumulate should there be a retracement, which I expect. In the short term, those who have had the skill to enter the $ 105 area could think of taking home the profits and preparing to accumulate on the retracement. If you want to hold the position, $ 145 could be a possible target, considering the 200-period moving average, which is usually felt by the price. On a volumetric level, the one-year POC holds firmly against $ 165, there are no possible areas for it to move, considering the huge amount of trading at that price level. That's where I'll take some of the profits home. Happy trading Lazy Bull DISCLAIMER: I am not a financial advisor. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
NASDAQ:AMZN
by LazyBull5
SPX Weekly review and forecast: August 1, 2022Last week, the markets saw a strong move to the upside with the SPX closing just shy of 4150 (4133). The move was largely fueled by FED chair Jerome Powell's comments, as well as strong earnings out of mega market cap stocks such as AAPL and AMZN. AMZN rallied +17.5% on the week and is up a whopping +32% from its low on June 13th. A similar story for AAPL, which is up +8.3% WoW and +25% since June 13. Joining the party, energy stocks like XOM reported very strong profits which vaulted the XLE higher. So far, the primary thesis of a bullish continuation being powered by energy (XLE) and technology (XLK) has come to fruition. The question, of course, is how long it will last - but first, a snapshot of last week's action: SPX: +5.2% Nasdaq: +6.8% Russell: +4.5% __________________ Technology (XLK): +7.5% Energy (XLE): +9% Financials (XLF): +3.9% Looking ahead to next week, the SPX is poised to retest the price zone between 4100 - 4200 which proved to be considerable resistance back on early June. The probabilities suggest some range bound action here, before the next major move. Needless to say, there's a chance that we could see a forceful continuation, and an even smaller chance of an outright rejection. Regardless, given the improving conditions, 4300 and 4400 are very much in play as potential upside targets heading into Q4. The expected moves for this week are +/- 81.30 (SPX), 8.81 (QQQ), 4.8 (IWM). The Nasdaq is clearly in the pole position for this rally, and is threatening to push back to 14,000, but with another busy week of earnings, as well as unemployment numbers, and more inflation data, there is still plenty of fuel to spark volatility (which has fallen off a cliff). Best of luck this week. If you found this helpful, please let me know!
FX:SPX500Long
by InnerMotionTrading
SPY QQQ DJI , Are We heading into a recession? The S&P 500 and Nasdaq have fell over 20% since January of this year, and many are questioning whether the recent bull rally is an indication that the market may have bottomed, and if we are now recovering. Even with the fed announcing a 75bps rate hike this week, and a second consecutive quarter with negative GDP report, the market has gained over 6% just this week. Anyone can find a perma bull or perma bear argument and run with it, however I like to use historical data and context to give us an idea of what may possibly occur. So I compared the 10Y-2Y bond yield spread to see what has happened in the past, relative to the S&P500. The conclusion I came away with, is that there has not been a time when the 10Y-2Y bond yield has inverted, without a recession following it. The question is how long did it take for the full blown recession to occur, and that's the challenging part, and there is no way to predict when the actual recession will occur based on history. For example the three recessions that occurred most recently were the .com bubble, the great financial crisis of 2008, and most recently the mini Pandemic recession of 2020. All three times the chart showed clear inversions between the 10Y 2Y bond yield curve. In March of 2000 the spread between the 10Y bond yield and 2Y was -50 at the bottom of the inversion, and it took about 189 days before the stock market crashed. In 2006 the inversion bottomed around feb 2006, and the 10-2y spread was about -20, (which is actually where it stands today), and the stock market did not crash or feel the effects for another 500 days give or take. In 2020 the inversion bottomed around July of 2019 and the spread got as low as -.02, and the market collapsed in March of 2020 (many still question how the bond yields could have predicted the pandemic) nonetheless, this chart has proven to be a great predictor of recessions. So to sum it all up, using just technical analysis (the marco supports this but that another topic for another day), shows that the likelihood of another recession occurring is more likely then not, whether it will occur in a few weeks, months, or even years is the question, so I urge every trader to just keep this in mind its okay to go with the trend and make some money, however just be very cautious with your assets and keep this in mind. Best of Luck to all. This is NOT financial advice just my personal ideas.
FRED:T10Y2Y
by Wastenotime
2
$AMZN Analysis, Key Levels, and Targets $AMZN Analysis, Key Levels, and Targets What an absolutely fascinating move for Amazon. I have 200 shares (avg. 110.30) and I have 127 calls sold against my position so they will likely get called away… lol I also bought (just 1) Yolo call for tomorrow @ 1.16 (I also bought a yolo 115 put at 1.2 — so I might win even with my shares getting called…. But I did think this was a market over-reaction. Totally understandable - considering that we all have bear market/recession burnout… I do have my bias about the second half of the year and it is sideways to down… but I want to read the technicals as they as… with my bias aside. This is a super interesting setup… There is a pretty good amount of “GAPS” to fill tomorrow. I do NOT ever look at post market/futures activity… only regular trading hours. So this is going to open up in a BATTLEGROUND…. After hours took this to above the 180EAMA on the Daily chart and In my opinion, it will get smacked down tomorrow below it again. BUT if it keeps moving upward then there is the 200DMA that could be the next resistance and above that we have the downtrend resistance line… The bottom trendline around 114 is support…. So there you have it, y’all… in this environment you really just need to know where all the key levels are at and FOMO in and hope it works out… just kidding… I meant make educated trades… See you all tomorrow… GL
NASDAQ:AMZNShort
by SPYder_QQQueen_Trading
6
QQQ Nice breakoutTook QQQ 311C for tomorrow as discussed in yesterdays post. With AAPL AMZN after hours reaction, these calls gonna open up 300% tomorrow. Also took AMZN 130C for ER. i will be done at the open. There is going to be a lot of FOMO tomorrow in the markets. Make sure u sell into strength tomorrow. Bears might throw in the towel after these ER reactions and probably bulls who ever sidelined are going to chase as well. So better to take profits and wait for a pullback.
NASDAQ:QQQLong
by savage_Trader
AMZN Potential for bullish rise | 26th July 2022On the H4, with prices moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that prices will rise to buy entry at 125.51 where the swing high resistance, 38.2% fibonacci retracement and 161.8% fibonacci extension are. Once there is upside confirmation that price has broken buy entry on the upside, we would expect bullish momentum to carry prices to take profit at 135.24 where the overlap resistance, 50% fibonacci retracement , -27.2% fibonacci expansion and 127.2% fibonacci extension are. Alternatively, prices could drop to stop loss at 117.71 where the pullback support, 38.2% fibonacci retracement and 61.8% fibonacci projection are. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMZNLong
by Rockqet
Amazon at important resistanceAmazon Short Term We look to Sell at 125.79 (stop at 132.33) Preferred trade is to sell into rallies. Previous resistance located at 126.00. There is scope for mild buying at the open but gains should be limited. Posted a Bullish Outside candle on the Daily chart. Our profit targets will be 103.03 and 91.98 Resistance: 125.00 / 138.00 / 150.00 Support: 106.00 / 100.00 / 85.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:AMZNShort
by Saxo
Amazon | Fundamental Analysis | Long Amazon will report its Q2 2022 results after the market closes on Thursday, July 28. An analyst call is scheduled for the same day at 5:30 p.m. ET. Investors will likely approach the e-commerce and technology giant's report with some caution. Last quarter, the company's earnings fell short of Wall Street's expectations, while revenues were in line with the consensus forecast. While investors were undoubtedly unhappy with the final result, they were likely more concerned about the company's earnings outlook for the second quarter. It was significantly lower than analysts had forecast. Investors are increasingly concerned about the macroeconomic situation. So far, continued high inflation has not had much of an effect on consumer spending overall. That could change, however, as more and more consumers are becoming concerned that the U.S. economy could slide into recession. If many consumers markedly reduce their discretionary spending, Amazon's e-commerce results would suffer. Nevertheless, investors should be mindful of the bigger picture, as this company has seemingly countless current and potential long-term growth opportunities. Here's what to watch out for in Amazon's upcoming report. While Amazon does not make earnings guidance, it does in terms of operating results. Management expects operating results to range from an operating loss of $1 billion to an operating income of $3 billion. The company had $7.7 billion in operating income in last year's quarter. The company faces a difficult comparable performance since it had a strong performance last year. One factor adding to the difficulty of comparisons is the postponement of its annual Prime Day event from Q2 last year to Q3 of this year. In addition, currency headwinds likely affected second-quarter earnings, as the U.S. dollar has strengthened against other currencies over the past year. By comparison, Amazon's Q1 revenue rose 7% year over year (and 9% in constant currency) to $116.4 billion, a result that was in line with Wall Street's expected $116.3 billion and close to the upper end of the company's forecast range of $112 billion to $117 billion. By segment, sales in North America and Amazon Web Services rose 8% and 37%, respectively, while sales in the international segment fell 6%. Last quarter's net loss was $3.8 billion, or $7.56 per share ($0.38 per share given the 20-for-1 stock split in June). This compared to a net income of $15.79 per share a year ago. That result was well below the consensus forecast of analysts, who had an expected net income of $8.48 per share. Much of the shortfall was due to a $7.6 billion pre-tax loss from Amazon's investment in the common stock of electric car maker Rivian Automotive, which held an initial public offering (IPO) last November. Had this article not been in place, Amazon would have made a net profit, not a loss. However, it still would not have met Wall Street's expectations. Amazon stock is likely to rise if management's Q3 outlook differs significantly from Wall Street's expectations. The company provides a revenue forecast, but not an earnings forecast. However, the operating income forecast usually gives investors a rough idea of what percentage change management expects for the year. Currently, analysts are predicting that Amazon's Q3 revenue will grow 15% year over year to $127.8 billion and that earnings per share will increase 16% to $0.36. Keep in mind that this quarter will get a boost from Prime Day compared to the Q2 last year.
NASDAQ:AMZNLong
by FOREXN1
1