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AMZN

AMZN Potential for Bullish Continuation | 8th August 2022On H4, with the price moving above the ichimoku cloud and the MACD histogram is above zero while RSI is also moving along the ascending channel , we have bearish bias that the price may rise from the buy entry at 145.05, which is in line with the 61.8% fibonacci retracement to the take profit at 156.74, which is in line with 78.6% fibonacci retracement . Alternatively, the price may drop to the stop loss at 133.77, which is in line with the 23.6% fibonacci retracement . 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 FXCM
AMZN Potential for Bullish Continuation | 8th August 2022On H4, with the price moving above the ichimoku cloud and the MACD histogram is above zero while RSI is also moving along the ascending channel, we have bearish bias that the price may rise from the buy entry at 145.05, which is in line with the 61.8% fibonacci retracement to the take profit at 156.74, which is in line with 78.6% fibonacci retracement. Alternatively, the price may drop to the stop loss at 133.77, which is in line with the 23.6% fibonacci retracement. 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
3
Amazon for a short term reversalUpgoing zigzag is complete coupled with divergence on momentum give a clear indication that we are to drop on this one in the very immediate future. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NASDAQ:AMZNShort
by Rykin_Capital
****spy is at a very critical level make it or break it week ***Looking at the weekly chart on the spy it appears that it is a make it or break it week…notice how the candles on the weekly r very identical to the last rally, if spy can’t break out this week then this will be a double top pattern and the drop would be severe (lower lows), alternatively if the spy holds and breaks out to upside then the rally will continue and $430 will be the target…cpi data on Wednesday could be the deciding factor…best of luck to all.
AMEX:SPY
by Wastenotime
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