02/03/2015 – Amazon
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
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.