Issued: 02/03/2015
Amazon.com, AMZN:
1. Our previous (Mon., Jan. 12) Amazon update indicated forecast the next important weekly bottom in Amazon.com was due the week of January 20 (+/-1 week). The forecast indicated that a weekly close above $285.00 would place the stock into a ‘Buy‘ position for a tradable multi-week advance to $306/$07 (or higher).
2. The week of Jan. 12 closed at $290.74 (above $285.00), indicating new long entry. Today, (Thurs., Jan. 22) Amazon completed the $306/$07 upside target (today session high, $306.45, so far) indicating final long position exit. This resulted in a successful trade of approx. 15 points.
3. Aggressive were instructed to hold any remaining position with a protective stop at $299.00, for the possibility of a trend following exit at higher prices.
4. In the last 3 trading days Amazon has since exploded to the upside, mmaking a session high today (Tues., Feb. 3) of $367.81 and prompting our final long position exit at $363, noted in today’s live meeting. This completes the trade. Will message any further entry or indication in Amazon.com.
David Williams
Issued: 01/12/2015
Amazon.com, AMZN:
1. The next important weekly bottom in Amazon.com is due the week of January 20 (+/-1 week). A tradable multi-week advance is expected off this bottom.
2. Amazon must close weekly above $285 in order for new long entry to be messaged. A weekly close in Amazon below $285 may prompt a further report. No action is being taken at this point. Will update as the market continues to confirm.
David Williams
Issued: 01/22/2015
Amazon.com, AMZN:
1. Our previous (Mon., Jan. 12) Amazon update indicated forecast the next important weekly bottom in Amazon.com was due the week of January 20 (+/-1 week). The forecast indicated that a weekly close above $285.00 would place the stock into a ‘Buy‘ position for a tradable multi-week advance to $306/$07 (or higher).
2. The week of Jan. 12 closed at $290.74 (above $285.00), indicating new long entry. Today, (Thurs., Jan. 22) Amazon completed the $306/$07 upside target (today session high, $306.45, so far) indicating final long position exit. This resulted in a successful trade of approx. 15 points.
3. Aggressive can hold any remaining position with a protective stop at $299.00, for the possibility of a trend following exit at higher prices.
David Williams
Issued: 01/13/2015
Amazon.com, AMZN:
1. Our previous (Mon., Jan. 12) Amazon update indicated that the next important weekly bottom in Amazon.com was due the week of January 20 (+/-1 week). A tradable multi-week advance was expected off this bottom.
2. Today’s sharp advance in Amazon gives the earliest indication that the weekly bottom due the week of January 20 (+/-1 week) occurred one week early, this week, the week of January 12.
3. The above indicates a likely continued advance to $306/$07 (or higher) into late Jan. 2015.
4. Continued daily closes above $293 in Amazon keep the above indication intact. Will update.
David Williams