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AMZN

M2 Adjusted FAAMNG Tutorial/AnalysisThe current FAANG symbol does not have a very long history. Depending on the symbol, you get a chart that either starts from mid-2019 or 2016. We get couple more years of data in this chart, back to early 2014. I weighted each stock equally according to its 60 month average, and adjusted for M2 expansion, which gives us a very consistent support line. There's also a horizontal resistance line that extends from 2018 onward that is currently being tested as support, which raises the questions: Is historical support now resistance? Is the resistance line now support? Or will we drop below the resistance line once again? It wouldn't surprise me if we got a bounce here to once again test that the Support line is *actually* now resistance and the drop in price wasn't a fluke. Which, maybe it was. But on the other hand, smaller caps have gotten completely crushed, look at the M2 Adjusted Russell 2000 for example: We're getting close to the "value" zone, but we're still at the bottom range of wholesale prices. I wouldn't be surprised if there's even more stop-loss style liquidations at these prices. There are many many unprofitable companies, roughly 50%?!, that are feeling the pain in the Russell. It's not crazy to think that once the smaller caps fall, the rest of the larger dominoes fall. First, there were drops in sort of intangibly valued companies like Netflix/Peloton. Market shrugged it off. Then we saw a single day -0.25 trillion$ valuation drop in Facebook. Market shrugged it off. Now in the past few weeks, Amazon is finally looking terrible, and this is the first time in YEARS that the market seems to be taking it seriously. How long until Apple/Tesla bite the bullet? The market can only shrug off so much localized losses before it becomes systemic. It's only a matter of weeks or months, in my opinion, until we see the remaining FAANMG and others reflect the state of rest of the market. So how did i manage to get the symbol on the chart? This method is not perfect. There's lots of ways to do this. I decided to equally weight each stock by their 60 month SMA, given that mean reversion is a well known phenomenon. But you can use any anything you wish, as long as it normalizes the price in a way that you like. Literally anything. First, I wrote down the SMAs like this: 60 month SMA: FB = 221.34 AMZN = 2250.99 AAPL = 85.60 MSFT = 173.64 NFLX = 380.58 GOOG = 1585.70 Notice that AAPL has the lowest average, 85.6. We can use AAPL as our "benchmark". Divide every SMA by 85.6: FB = 2.5857 AMZN = 26.296 AAPL = 1 MSFT = 2.0285 NFLX = 4.4460 GOOG = 18.524 Now we can add each price together, and divide by our adjuster that we just calculated, to get a fairly crude, but accurate enough, equally average-weighted basket: AAPL+ FB/2.5857+ AMZN/26.296+ MSFT/2.0285+ NFLX/4.4460+ GOOG/18.524 Mash it all together, you get: NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524 And adjust for M2 if you want: (NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524)/FRED:WM2NS This looks ugly though. The value is so small, there's no horizontal bars on the chart because of a display bug in TV or some other problem. So we can simply multiply the entire series by a value. in this case 15, until we get something that looks good. (NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524)/FRED:WM2NS*15 There's a lot of ideas fairly similar to this out there, but I hope this helps someone who might be curious how people came up with these crazy long symbols. Try it with your favorite sectors! Make your own sector benchmarks. You can combine up to 10 symbols at once! Here we only used 6 symbols (7 if you include WM2NS). Good luck and don't forget to hedge your bets :)
NASDAQ:AAPLEducation
by fringe_chartist
5
Amazon a good buy at $2000I feel there are some good setups coming in this bearish market. Amazon being one of them for you large cap players. I have a zone between $2150-$2000 which is a monthly fib level. 90% back to the highs from $2000. Even if it dips lower, you know Amazon will perform come a bull market again and go make new highs eventually. Set aside cash to average down if it drops below $2000. The next level down would be the monthly 500ema at $1700. Unsure we will get that far though. Let me know your thoughts.
NASDAQ:AMZNLong
by allout06
AMZN - Attractive Area!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. AMZN is overall bullish trading above the brown trendline and now approaching it again acting as non-horizontal support. Moreover, the blue area is a demand zone as we previously had an aggressive movement upward from it. So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of demand zone and the brown trendline. As per my trading style: I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:AMZNLong
by TheSignalyst
9
Market bounce time!Chart self-explanatory. Everyone expected that rates will crash market and it didn't. This is something I actually envisioned would happen is that the market is actually going to go up. We need getting too much expectation on crash that actually it won't happen! this is the motto and the play the market has been playing all along and.... funny it works! Long the fear... as long the fear news is strong and the expectation of crash is strong. You can bet your house that we are going up and it's a matter of the market creating an atmosphere that doesn't make people long. In other words Market is trying to lower it's payouts on longs by pushing people away from longing. Proven psychological play. Since covid started it has been the same play,
AMEX:SPYLong
by WizdomSeekerr
4
$AMZN Key Levels, Analysis, & Targets $AMZN Key Levels, Analysis, & Targets I do believe that there will be some upside here… Yesterday’s reversal candle, and with followthrough today and tomorrow could send AMZN up to fill that gap… up to about 2900… Though I don’t believe the market is done falling as that may take many many more months and possibly years, I do think there’s a good relief rally brewing here before the next move down in the overall market… AMZN is starting to look like a buy and I’ll likely start accumulating shares/selling some puts later this week… I just want to see some follow through on that reversal candle… Just need a little more confirmation and then looking for a 16-20% move… Let me know your thoughts…
NASDAQ:AMZNLong
by SPYder_QQQueen_Trading
3
AMZN D2:40% CORRECTION PT BEARS 1500USD SHORT IT(SL/TP)(STOCKS)Why get subbed to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates AMZN D2:40% CORRECTION PT BEARS 1500USD SHORT IT(SL/TP)(STOCKS) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: AMZN 2daily chart review and outlook ::: maxed out already ::: Currently DISTRIBUTION already completed ::: we broke down on heavy volume ::: this is NASTY looking chart ::: BAD for the BULLS / stay out ::: FED rate hikes incoming / FED PUT is GONE ::: short sell in may and go away ::: recommended strategy: SHORT IT / STAY OUT ::: up to 40% correction still possible from here ::: fair value for AMZN is 1500/1750 USD ::: DO NOT BUY/HOLD here this is NOT A DIP ::: This is stock market meltdown in progress ::: be careful / don't get ran over by the FED 🔸 Supply/Demand Zones . N/A RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:AMZNShort
by ProjectSyndicate
24
AMZN Back to 1300, Nasdaq Back to 7000Back at the end of 2018, I made an attempt to call a longer term bear market for big tech. Linked below are some of those posts. I was new to markets, and all I did was look at the chart. Even back then, the charts for Apple and Amazon looked ridiculous, but now it's undeniable that they've seen parabolic growth. This is the AMZN chart zoomed further in, where you can see how I was dead wrong at the end of 2018, as the money printer and QE kicked in again, taking the market to new highs shortly before the pandemic hit. Then, the pandemic hit and the Fed exhausted the last of its firepower. Will they save the market again? Above, I marked the 1600 and 1300 levels as areas of support, should the current level fail. Also shown on my Amazon chart is the long term uptrend, which has now been broken and confirmed as resistance. I expect markets to fall back to pre-stimulus levels, as the 2021 rally was largely "fake." Even though some of these companies may continue to remain profitable, I think some disappointing earnings will start to trickle in, signaling a depressing outlook for growth in the near future. Take Netflix, for example. It's already getting closer to testing some of those earlier levels. Perhaps it's a "canary in the coal mine" situation. What's especially concerning is that even companies that have exceeded expectations (like Tesla) cannot sustain a rally. Look at that earnings pump and dump: This implies that market participants are exiting regardless, and booking profits after many years of easy economic policy. Now here's something truly hilarious. Elon Musk and Bill Gates claim to be shorting each other's companies! What happens in this scenario? They both still profit. Billionaires are just playing games. Here are some levels marked for Tesla. If Elon continues to innovate and do well, TSLA may not drop quite as much as some others, but that's still a lot of profit on the table. He's even sold some of his own shares himself: And Microsoft: Why Would the Fed Just Let It Happen? The easiest way to fix inflation is perhaps to just simply let things unwind. As big corporations lose profits, smaller businesses close, and people lose their jobs, their homes...a big financial crunch occurs that shocks the living daylights out of our systems. New solutions will need to be found, some of which may seem obvious, such as taxing the wealthy and corporations much more heavily. Some we haven't even dreamt of yet. Here's a speculation: Community living becomes more desirable, and new small businesses will need to emerge to tailer to those communities. A world owned by corporations already causes pressure on communities and small businesses, where your boss is forced into implementing oppressive working conditions to stay afloat. All the while, your next door neighbor begins trading Dogecoin and digital images to finally have a glimpse at paying off his debt or buying a home. It's an escape into a black void that consumes your soul, and the soul of society. Ready for the collapse? Let's see what happens. This is meant for speculation and entertainment only. -Victor Cobra
NASDAQ:AMZNShort
by VictorCobra
15