Amazon stock is on a potential breakout AMZN has been consolidating since 2020’s best trades (gold stocks, Tech and Cloud/SaaS/Remote tools) blew out last summer in favor of a rotation to cyclical/reflation-sensitive and ‘value’ in line with rising long-term Treasury yields. Now, in the midst of the pullback in yields and inflation hysterics we find Tech/Growth/Cloud et al. rallying and even gold stocks on a … Continue reading Finally the end of the AMZN consolidation?
Complete with rising volume on the breakout (neckline not shown, but it’s broken). Oh wait, never mind. It appears I inadvertently turned the chart upside down. Here, let me fix it. Look at that weak-ass right shoulder. Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and … Continue reading AMZN… Check Out the Bullish Inverted H&S!
This is unfortunate for a member of the buttoned down, highly paid stock analyst community. Sanford Bernstein has evidently been bearish on Intel all the way up, most recently reaffirming a ‘sell’ on the stock: April 24, 2018: Intel (NASDAQ:INTC)‘s stock had its “sell” rating reiterated by research analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday. They presently have … Continue reading Intel and Sanford Burnedstein
Just for fun and with not even a thought of shorting I did a post to review the Head & Shoulders pattern in AMZN back on September 25. We noted that the 50 day average had turned down and proper bearish volume dynamics were in place. We also noted… But the MA 200 is rising firmly and that would give me pause (as a bear). … Continue reading Amazon: Snatched from the Jaws of Bears’ Victory
The campers have retired to their tents but they failed to secure one delectable hunk of leftovers. With a flashlight you can see the bears sniffing around the dark campground… sniffing, sniffing and thinking about nibbling. The would-be H&S on Amazon even has some proper volume dynamics for a bear case. But personally I am not touching it because I am a defective would-be bear. … Continue reading Bears Sniffing Around This AMZN Pattern?