Amazon (AMZN)

At this point, I wouldn’t chase the price action in Amazon (AMZN). Wait for the pullback to the breakout level on light volume around $377. The retest more times than not represents a clearer view of the risk in the trade, because if it drops below the breakout level, you get out – no

Here’s this week’s video covering Apple (AAPL) the S&P 500, Russell, Ingersol Rand (IR), Aruba Networks (ARUN), Verifone Systems (PAY), Guess (GES), Amazon (AMZN), Facebook (FB) and Alkermes (ALKS).  In the video I go through the mental aspects of trading these companies as well as the technicals and what you need to

Pre-market update: Asian markets traded 1.2% higher. European markets are trading 0.6% higher.  US futures are trading mixed ahead of the market open.  Economic reports due out (all times are eastern): International Trade (8:30), Jobless Claims (8:30), Productivity and Costs (8:30), Janet Yellen Speaks (10), EIA Natural Gas Report (10:30), EIA Petroleum Status Report (11) Technical

Here’s tonight’s watch-list. I did a post earlier this evening detailing the positive gains we are taking in the Splash Zone, so be sure to check it out  here.  Now on to the nightly watch-list:  Long Titan International (TWI):

Last week, I posted that Amazon (AMZN) was on the verge of breaking down and that was finally confirmed with a huge break though key support. Now that we’ve broken key support in AMZN, it is now retesting that broken support and being rejected as a result. Look for a move to $330 now.

Watch out here with (Amazon) AMZN as support from the gap up two weeks ago has been violated as well as its steep current trend-line. You have an exhuastion gap ready to play out here and in the worse case scenario a move back to $310 filling both gaps in October.  To say the

Amazon (AMZN) is Hitting up against resistance, and if the gov’t shutdown continues, AMZN is going to take a huge hit; likely to $290 or possibly $280. The stock is also testing the highs reached in July which also represents the underside of the highs reached in September and early October.  Right now would be the

I’ve traded Amazon (AMZN) quite a few times this year with a respectable amount of success. Nothing to get rich off of, but I have captured some gains by trading  it to the long side.  However, at this point, I’m not really liking what I’m seeing. Its struggling far to much with the $300

Pre-market update: Asian markets traded 0.4% lower. European markets are trading 1.5% lower.  US futures are trading 1% lower ahead of the bell.  Economic reports due out (all times are eastern): ICSC Goldman Store Sales (7:45), Redbook (8:55), S&P Case Shiller HPI (9), Consumer Confidence (10), Richmond Fed Manufacturing Index (10), State Street Investor Confidence

Pre-market update: Asian markets traded 0.2% higher. European markets are trading mixed and flat. . US futures are trading flat ahead of the opening bell. Economic reports due out (all times are eastern): Durable Goods Orders (8:30), Dallas Fed Manufacturing Survey (10:30) Technical Outlook (SPX): SPX received some follow-through off of Thursday’s rally with