Amazon (AMZN)

Amazon.com (AMZN) has taken a beating over the course of the past two months after hitting all-time highs back in October. I know I’ve tried to trade it a couple of times with no success. The last time I tried it was when it was already well oversold, and testing the 200-day moving average.

Amazon.com (AMZN) has one of the more appealing setups to benefit from should this market continue to bounce as it has today (Make sure to check out my previous post on my market observations from today). With AMZN, you have a stock that has not sold off to the same degree that the market has

Wild couple of weeks, and when price seems to be dropping day-after-day-after-day with no bounces in sight, it can be very difficult on both the long and short end of things to find ideal plays. On the long-side, you don't want to be trying to catch the falling knife, while on the other hand, you

Current Long Positions (stop-losses in parentheses): DISCK (36.79), RAX (43.46), HRB (17.39), GOOG (522.00), ADI (38.99), CA (23.95), UNP (95.45), NFLX June 270 Calls. Current Short Positions (stop-losses in parentheses): None BIAS: 51% Long Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), Durable Goods Orders (8:30am), EIA Petroleum Status

Current Long Positions (stop-losses in parentheses): AIT (31.83), NTRI (21.22), MENT (12.01), AMZN (177.15), F (16.33), CERN (93.98), OI (29.94), EMN (79.67) Current Short Positions (stop-losses in parentheses): None BIAS: 36% Long Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), EIA Petroleum Status Report (10:30am) My Observations and What to Expect:

Current Long Positions (stop-losses in parentheses): AIT (31.83), NTRI (21.22), MENT (12.01), AMZN (177.15), F (16.33), CERN (93.98), OI (29.67) Current Short Positions (stop-losses in parentheses): None BIAS: 43% Long Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), S&P Case-Shiller HPI (9am), Consumer Confidence (10am), State Street Investor Confidence

Current Long Positions (stop-losses in parentheses): AIT (31.49), NTRI (20.98), MENT (11.84), AMZN (177.15), F (16.33) Current Short Positions (stop-losses in parentheses): None BIAS: 32% Long Economic Reports Due Out (Times are EST): None My Observations and What to Expect: Futures are are down moderately after China announced a surprise rate hike of 25

Current Long Positions (stop-losses in parentheses): CX (10.49), AIT (31.49), NTRI (20.98), SNE (35.03), MENT (11.84), AMZN (177.15), F (16.33) Current Short Positions (stop-losses in parentheses): None BIAS: 36% Long Economic Reports Due Out (Times are EST): Durable Goods Orders (8:30am), Personal Income and Outlays (8:30am), Jobless Claims (8:30am), Consumer Sentiment (9:55am), New

Current Long Positions (stop-losses in parentheses): CX (10.49), AIT (31.49), NTRI (20.64), SNE (35.03), MENT (11.74), AMZN (177.15), F (16.33) Current Short Positions (stop-losses in parentheses): None BIAS: 47% Long Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), GDP (8:30am), Corporate Profits (8:30am), Existing Home Sales (8:30am), FHFA House Price