Buy Amazon.com Post-Earnings and Right After Regular Trading Opens

(This is an excerpt from an article I originally published on Seeking Alpha on February 1, 2012. Click here to read the entire piece.) Trading through the earnings of a highly volatile stock often feels like flipping a coin. A trader must try to predict the earnings results AND the market’s reaction to those results. … Read more

T2108 Update – February 1, 2012 (Bulls trying to stampede)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 86% (overbought day #21) … Read more

Chart Review: Amazon.com Struggles to Break Downtrend

Throughout Amazon.com’s near 3-month downtrend, I have pointed out several bearish set-ups and confirmations on the stock in blog posts and tweets. On Tuesday, Amazon.com (AMZN) started the new year by finally breaking away from the downtrend. Today, AMZN lacked follow-through and put the breakout on tenuous ground. I remain bearish on AMZN but prefer … Read more

T2108 Update – December 13, 2011 (Yo-Yo’s Bearish Bouncing)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 35% VIX Status: 26 … Read more

T2108 Update – December 2, 2011 (Europhoria – without the euro)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 62% VIX Status: 28 … Read more

T2108 Update – November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 65% VIX Status: 28 … Read more

T2108 Update – September 22, 2011 (Oversold and Over the Edge – CAT Says It All)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 18.5% VIX Status: 41 General (Short-term) Trading Call: Aggressive traders start buying. Conservative traders buy once VIX … Read more

T2108 Update – August 19, 2011 (New Rules As We Return to the Edge of A Bear Market)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 14% (Day #12 of the current oversold period). VIX Status: 43 General (Short-term) Trading Call: Only add … Read more

Amazon Buyers Step Up for the “13% Discount”

A month ago, I took issue with a UBS downgrade of Amazon (AMZN) and tried to demonstrate how this analyst action and commentary could be twisted into a blueprint for a buying opportunity. At the time, I noted that a test of the November lows on a 13% drop could produce the 8% upside potential … Read more