Amazon (AMZN)

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

Current Long Positions (stop-losses in parentheses): CX (10.04), CERN (93.77), AIT (30.65), NTRI (20.64), SNE (34.28), MENT (11.74), AMZN (177.15) Current Short Positions (stop-losses in parentheses): DTV (39.71) BIAS: 43% Long Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am) My Observations and What to Expect: Futures are are

Few breakout plays that I have my eyes on this morning. Amazon.com (AMZN), in particular, is really enticing. RF Micro Devices (RFMD) and Perrigo (PRGO) have a little ways to go still. But all three of them offer intriguing opportunities.  Here’s the breakout charts.

Current Long Positions (stop-losses in parentheses): TICC (9.97), SNDK (36.59), AMZN (161.90), JACK (23.16), GHL (75.95), NFLX (165.00), MCD (76.92), QID (11.92) Current Short Positions (stop-losses in parentheses): None BIAS: 6% Long (-10% short considering the leverage in QID) Economic Reports Due Out (Times are EST): Employment Situation (8:30am), Pending Home Sales Index

Current Long Positions (stop-losses in parentheses): TICC (9.62), GLD (130.99), SSO (42.57), SNDK (36.59), AMZN (161.90), JACK (23.16), GHL (75.95), NFLX (165.00) Current Short Positions (stop-losses in parentheses): None BIAS: 53% Long Economic Reports Due Out (Times are EST): Monster Employment Index (6am), Jobless Claims (8:30am), Productivity and Costs (8:30am), EIA Natural Gas

Current Long Positions (stop-losses in parentheses): TICC (9.62), GLD (130.99), SSO (42.57), SNDK (36.59), AMZN (161.08), BAC (11.34), JACK (23.16), GHL (75.95) Current Short Positions (stop-losses in parentheses): None BIAS: 62% Long Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), Challenger Job-Cut Report (7:30am), ADP Employment Report (8:15am), Factory Orders

Current Long Positions (stop-losses in parentheses): TICC (9.62), GLD (130.99), SSO (41.84), SNDK (36.59), AMZN (161.08), BAC (11.34) Current Short Positions (stop-losses in parentheses): None BIAS: 52% Long Economic Reports Due Out (Times are EST): FOMC Meeting Begins, ICSC Goldman Store Sales (7:45am), Redbook (8:55am) My Observations and What to Expect: Futures are

Current Long Positions (stop-losses in parentheses): TICC (9.62), GLD (130.99), SSO (41.84), DIS (35.75), GS (160.35), SNDK (36.59), AMZN (161.08) Current Short Positions (stop-losses in parentheses): None BIAS: 42% Long Economic Reports Due Out (Times are EST): Personal Income and Outlays (8:30am), ISM Manufacturing Index (10am), Construction Spending (10am) My Observations and

Futures are continuing to improve heading into the open. Amazon.com (AMZN) has bounced incredibly well as it could now potentially open with a profit in hand.  LONG: SPDR Gold Trust (GLD)