Finally the end of the AMZN consolidation?

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?

Man Stares at Charts of AMZN & NVDA, Ignores Them, Buys

AMZN and NVDA were added on the March Tech tank job The most obnoxious TAs want you to believe their charts are the be all, end all because after all, charts are the truth of what has happened up to any given moment, right? Right. Welcome to another installment of the Men Who Stare at Charts (MWSAC). But the truth of a stock chart is … Continue reading Man Stares at Charts of AMZN & NVDA, Ignores Them, Buys

AMZN… Check Out the Bullish Inverted H&S!

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!

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NFTRH+; 4 Charts, 4 Short Setups

The internets have been conspicuously weak, as we’ve been noting in the NFTRH reports using a weekly multi-panel ETF/Index charts. Here’s the daily view of FDN right at its neckline support. It’s got a Hammer candle and could bounce. A short between 138 and 140 might work out (with a stop above 141 or so). This measures to around 115. I actually took a short … Continue reading NFTRH+; 4 Charts, 4 Short Setups

The Magic Behind Consumer Discretionary’s ‘Intact’ State

Look at the relatively sad states of the majority of XLY’s top holdings. Propping the ETF up? Why, none other than market darling AMZN as the momo money flies right back into the names it puked in early February. I bought GOOGL at the lows for just that reason, but sold it a few days ago. Traders, algorithms, casino patrons, mom & pop and managers … Continue reading The Magic Behind Consumer Discretionary’s ‘Intact’ State

Amazon: Snatched from the Jaws of Bears’ Victory

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

Bears Sniffing Around This AMZN Pattern?

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?