Stock Watch April 28th, 2017

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AMZN Weekly Chart

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  • champ: $AMZN good entry this morning and I did my daily add back...have to see if it's going to hold.
  • Henry: $AMZN hod
  • grcjr: @Henry $AMZN looks like a "cup" to me.
  • Henry: @grcjr $AMZN it does. Looks like somebody bought the Jan 800/900 bcs for around $50
  • champ: @Henry @grcjr $AMZN -- I see this cup...but I don't know if it really means anything...going into earnings. It not about the chart at this point... it's about are either a believer or your not ...I think that is whats going on....I'm guessing....I'm seeing a lot of small trades by traders like us.
  • grcjr: $AMZN reports 2/2 (Ground Hog Day). I've got a small Call position but will likely not hold over. To me, the daily looks like a 3 month Cup with no handle as yet. A C&H typically is a continuation pattern but I'm expecting earnings to dictate the move. Interesting discussion on CNBC where the argument given is that for every distribution center $AMZN builds it destroys more jobs that it adds. Denver is supposed to be getting one so my USPS and UPS may continue to see increased traffic but the local mall is looking weaker all the time. I believe that $AMZN would not be adding centers unless they are seeing increased business.
  • eliasmavs99: @champ $LMT $IBM $STX $FCX $AMZN #EntriesonStocks #OT #WilliamOneal Thats good stuff @champ. Thanks for sharing your process. I think your strategy has definite advantages to just charts alone, and I have definitely profited from your posts in the pasts. I will try to incorporate more of the research and news into the mix.
  • champ: $IBM @ $178.50 now but I added this morning along with $WDC that I posted about ....but when I'm trading around my core position or chasing ...what ever you want to call it ...I usually put my stop on entry and then move it to trailing....if I catch it right and I did the same with $AMZN this morning because you just never know when they could turn on you....that way you can't really take a loss...and if you do it's very small but on these runners sometime the rewards can be very nice on these 2 that I added on twice yesterday...$TRP and $ETP....just saying how I'm trading these stocks that I believe could move even higher...this system can work on any add on trades but the markets has to be working and when it turns ...I just sell all the adds.
  • atlantadave3: @champ $IBM $WDC $AMZN $TRP $ETP Good strategy. Thanks for sharing.
  • champ: $AMZN @ $833 -- I posted on 1/3 or so that I thought we could get to around $850 -75 by earnings on 2/2/after ...we only have 6 trading days left....but the market needs to keep working for that to question that the stock is marking an earning run....I'm still holding my core position and i'm also still holding a trading position and trading around the zig-zags daily.
  • orpheusredux: @champ $AMZN Same.
  • tradeforfamily: @orpheusredux $AMZN Same here.
  • rem2088: @tradeforfamily $AMZN was thinking of getting back in with Feb 835 Calls .... It's up over $13 today though.....
  • tradeforfamily: @rem2088 $AMZN Don't forget $FB, still holding. it is up again.
  • rem2088: @tradeforfamily $AMZN $FB I'm still in my $FB calls - I sold my $GOOGL ones this morning when it broke $850
  • haroldzero: Same here. :)@tradeforfamily $AMZN
  • stevef214: $AMZN STC Jan 27 810 Calls out 1/2 here for nice gain and will be out the other 1/2 by EOD. Watching the 15 min bars for last 1/2 sale. No wiggle room here with only 2 days left to expiry.
  • JJT1: @stevef214 $AMZN Followed you and out of $AMZN 810 weekly for 50% gain.
  • stevef214: @JJT1 $AMZN yup, I can sleep tonight :)
  • champ: #EntriesonStocks - @eliasmavs99 #OT #WilliamOneal --- It's great to have a Log Journal on stocks and Dan has posted his in the past....maybe someone could post his. I noticed yours and the most important reason for me on my entries is....News....for ...
  • debeers: $AZO/$ORLY/$GPC-SHORTS ALL--One way to make $$$ is to seek out a theme of the stocks that appear on the top of the declines list. All of the above are auto parts dealers and all will suffer if $AMZN decides to get into this business. You don't have to be first. You just have to be right. Why would you pay for shipping when you don't have to pay for it and why would any mechanic?
  • issues: @debeers $AZO $ORLY $GPC $AMZN Thanks Debars but they are down so much right now, is this a good price to short? Maybe wait for a little bounce??
  • DrScience: @debeers $AMZN has parts! I've been buying both OEM and non-OEM parts on $AMZN and $EBAY for many years. Many times, prices are half (or more) the prices at my local Autozone, O'Reilly's, or NAPA Parts Store, even with my "Mechanic Pricing" discount. And... Forget taking your car to the dealer, unless it's still under warranty! They usually have to order parts from the warehouse, too. And, OEM pricing is astronomical, and labor rates, at over $100 per hour, make any repair bill positively heart-stopping! In my area, the standard second-tier, small-business garage labor rate is $75-$85, and markup on parts to the customer is 130% of cost. So, if the customer has alternative transportation, or the repair is non-critical and can be scheduled a few days later, I can save them some real money on auto care/repair. $AMZN's free 2-day shipping helps keep them coming back. ;-)
  • debeers: @issues $AZO $ORLY $GPC $AMZN ---its an idea only and I found it interesting that ALL were hit and ALL for the same reason. When Dan gets back, we might want to use this theme or others where $AMZN is eating their lunch.
  • debeers: @issues $LRCX $WDC --$LRCX-I own Lam and will continue to own it. No matter what semi is in fashion, $LRCX can produce the die for it to be produced for the chipmakers. And issues, guess what FOX just announced? Yup---$AMZN in the auto parts business. Why shouldn't it do to those what it has done to retail?
  • champ: $AMZN @ $814.97 was just at HOD --- Still holding my position and I will swing again. Earnings next week on Thursday 2/2.
  • stevef214: @champ $AMZN I still have a position which is underwater. I am trying to decide whether to sell 1/2 before EOD but it has been strong all day even with the market down so it has some strength.
  • champ: @stevef214 $AMZN --- I just added because of the news today and I'm expecting a bigger bounce tomorrow but the market needs to help-out again.
  • stevef214: @champ $AMZN I hear ya, was hoping for a market bounce all day. Its doing better than the market re-bound for the day at this point.
  • champ: @stevef214 $AMZN --- IMO the market are still working...after the News conference... I think it settled everyone down a little....maybe this guy is not as bad as CNN says he is...I think he's going to be just fine....because president Trump doesn't like to lose at anything...he lives to win IMO.
  • DrScience: $AMZN at $815 in the PM -- a nice $20 cushion to JAN 785/790 BuPS expiring today.
  • rck89:
  • ryanj: $AMZN stopped out of this yesterday with a tight stop. 807.49. Small loss. Anyone else like Amazon here?
  • fuzzball: @ryanj $AMZN I'm in a long call diagonal out to 2019 selling weeklies. Working great without worrying about minute to minute fluctuations.
  • JJT1: $NFLX $AMZN As $NFLX looks to be filling gap, $AMZN appears to be perking up.
  • ryanj: $AMZN $NVDA started position in AMZN at 810.26 and NVDA at 105.95 (stops set at 807.49 & 102.95)
  • champ: $AMzN @ $809 --- Still holding my core position and I'm going to swing. I did not add back my trading position today.
  • traderbren: $AMZN - start of the next leg.
  • champ: @traderbren $AMZN --- Really hard to tell at this point....the markets needs to help - out before anything really happens. I added back this morning and I have my stop at entry
  • traderbren: @Upward1 $NFLX - blew away their sub numbers. Decided to bank my Calls. The Naz should have a nice day based on $NFLX results. $AMZN is up AH.
  • Henry: $AMZN 5.7 point range already
  • DAN: $AMZN -- pretty easy to see this stock trade to $800 today.
  • Sher: $AXP – STC Jan. $77.50 for $1.62, at the open, for a small profit. $SBUX – C&H pattern (daily chart) – Entering phase 3 – ITM Jan. long call position up 39% (at the moment), though still underwater - At this point, breakeven would be a godsend. $WFM – Consolidating since 1-5-17 bottom – R. side of cup formation underway - Kind of botched this one from the start (winner turned loser) – Jan. $30 calls are up 45%, today, though still underwater – Expect to be out of this one by EOD… another breakeven goal. In ‘flight’ mode, for the most part – Could shoot myself for not closing $AMZN positions, Friday!
  • ryanj: $AMZN stopped out of my small AMZN position this morning. Maybe I can buy it back someday at a better entry.
  • DrScience: @Sher $AXP - good job. Financials not getting any love today. $SBUX needs to hold VWAP -- Caution: lower prices ahead. $WFM - somebody likes the MAY 32 and 35 Calls. $AMZN in the hands of day-traders... needs to see $812 for a shot at $813, narrow range RHRN.
  • champ: $AMZN #TradingPlan @ $809 - Just kind of hanging around this level. Don't really know if $800 is going to hold if the markets drops but I'm still on plan but with a smaller core position. I took profits and sold 1/2 on the close Friday 1/13 and I also sold more on the open but added back on the low this morning and if it drops below $807... I will take profits on the add back from this morning and my core position....but the markets could hold at this level. I'm still staying on my #TradingPlan that I posted about on 1/6 and as of now it's still working.. for me.
  • Gary: ...
    5. $AMZN – earnings Thursday, 1/26
    6. $NFLX – running into earnings next Wednesday.
    7. $GOOGL -- $840 ATH.
    8. $TSLA – Still holding that Trendline.
    9. $STMP – squeeze is breaking out. Good volume, and high close.
    10. $Z &nda ...
  • stevef214: $AMZN STC Jan $780C out 1/2 just after open, watching
  • champ: $AMZN @ $816 now ...I did add back to my core position and I'm still trading around the core as planned... could break $820 or higher today.....I posted that I thought we could get to $850..75 by earnings and I'm guessing....maybe sooner...but I will not turn my back on it.
  • Bruce B.: @champ $AMZN ....Sweet....A lot stronger than I would have guessed today.
  • champ: $XRT ----$AMZN now bouncing because CNBC said the Holiday season retail sales for the whole sector beat....almost a double I think they said...but I don't really know what number is ....does anyone in the forum know the number...??
  • kcar21966: @champ $XRT $AMZN I thought they said 4% when the estimate was closer to 3-3.5%
  • champ: @kcar21966 $XRT $AMZN --- Thanks...I thought I heard 4%...I forget the exact est...I thought it was 2% ....Thanks...I was wrong.
  • stevef214: @Bruce B. $AMZN Sure faked me out with the PB around 10:00.
  • Bruce B.: @stevef214 $AMZN .....Thanks Steve it's good to know I'm not the only one.
  • DrScience: @stevef214 $AMZN We are stuck in a "speed zone" RHRN. I think you'll see stock test VWAP around 816, though accumulated volume shows 818 as "fair" price, so far, this morning.
  • champ: @DrScience $AMZN -- Bounce when the ON - Line sales #'s were posted. Really needs to slow down because it has bounced around $70 since 12/31...on just 8 trading days but I don't think it will....just too many eyes on this stock going into earnings...I'm a believer.
  • stairm01: @champ $GLBS $GNK $DRYS Added to $DRYS at $2.00 this morning missing the bottom. Too busy making money in $AMZN and watching it. Champ, thanks for your many ideas and openness to share here. I like your stile.
  • stairm01: $AMZN Wow! Took profits on $AMZN calls at 12:07 looking to re-load. A first for me, catching the top. Trading the 800 calls for next week. Again, thanks out to Champ and others for opening my eyes to this AMZN run above 800.
  • JJT1: $FB $AMZN $NFLX $GOOGL $AAPL My insistence on holding the FANG&A stocks is being tried as $GOOGL is definitely no $AMZN. $AAPL continues to consolidate at high level and rest, $AMZN amazes, NFLX seems to be breaking slowly out of cup and handle, $FB got the memo about an earnings run, $GOOGL is dogging it.
  • tradeforfamily: @JJT1 $FB $AMZN $NFLX $GOOGL $AAPL holding 3 of the 5, $FB $NFLX $AMZN
  • JJT1: @tradeforfamily $FB $AMZN $NFLX $GOOGL $AAPL Cherry picked the movers! ;-)
  • DrScience: $AMZN hit a high of 821.65, finding some IWMMB holders from last quarter's disappointing results, and promptly pulled back to VWAP at $817. Shorter-term traders took over and the stock bounced, pulling Volume POC up a buck to $819, and RHRN intra-day average cost basis over the past two hours coincides with VPOC. where we sit now. Momentum suggests we could again test VWAP before the start of the 3-day weekend.
  • champ: @primalhodaka $COLM - Take a look at the 1 year chart...the stock had a good move at the first of 2016 but fell back because of the markets ($SPY) fell back at that same time. The Holiday retail sales season was not really good in 12/2015 but they be ...
  • billfumick: Added $AMZN
  • Tony220397: $amzn this poppy move so fast, in 4 mins up $5.00!
  • champ: @Tony220397 $AMZN --- On the first move remember...sometimes you get a pull back...because of the market
  • haroldzero: @Dan $AMZN Good morning Dan, didn't have a chance to attend the Q&A yesterday and not sure if you cover AMZN, with this morning action, up 5$ with market down, do you think it is a good sign to hold? Thx
  • champ: $AMZN @ $802 ...I added a few minutes ago on that drop....the first move .....could over for now....??? I'm also still holding my core position...but watching and I will not hesitate to take a little off the table.
  • haroldzero: Thx for your insight.@champ $AMZN
  • DAN: @haroldzero $AMZN I would just hold it. It's just hovering at 800.
  • haroldzero: @DAN $AMZN Thanks Dan :)
  • billfumick: FWIW $AMZN Inside 60....and held $800 That was close :-)
  • martyrb3: @billfumick $AMZN Amazon announced yesterday a Prime Rewards Visa Card. Seems going after Costco with it's Visa Card. Prime members will get 5% back on Prime purchases. Long.
  • cmaxwel1: @martyrb3 $AMZN I have one with prime
  • bnnybklyn: @cmaxwel1 $AMZN Strongly considering this card
  • DAN: $AMZN $CLVS $TSRO -- I've been featuring these three stocks for the past week or two, and I'm just pointing them out again. They're working. AMZN has finally cleared $800, and I think it's likely to run another $10-20 bucks prior to earnings. It has that kind of momentum. Clovis (CLVS) has cleared resistance from the Monday' high and is continuing its move higher. This is a stock that we first started focusing on when it broke out above $40 on positive news about its ovarian cancer treatment. Tesaro (TSRO) is in the same space, and is also getting favorable FDA action. So these are three stocks that are working.
  • champ: $BAC and $AMZN @ $809.50 --- Watching both of these stocks now and if $AMZN breaks $$810.50 ...I will add a little for the second time today but will only give it very little room and also I'm watching $BAC for direction on banks.
  • traderbren: @champ $BAC $AMZN - $AMZN -- just getting going! Holding both $AMZN and $BAC
  • shoredriver: @DAN $AMZN $CLVS $TSRO Thanks for taking the time to be engaged and keeping us mindful of great suggestions/ideas....
  • Remington: @DAN $AMZN $CLVS $TSRO Hey Dan is the general market giving us a "mini shot across the bow " here with risk off potential next week or setting up to go higher. Feel like taking half my trdes off if market ends weak today
  • haroldzero: @DAN $AMZN $CLVS $TSRO Thanks so much for these trading idea.
  • champ: $SPX $XRT ---- $AMZN... it would be nice if it could take out $815 today before the close and IMO that could happen but only if oil climbs higher and the markets keep slowly moving back up.... but that would really be wishful thinking because in the morning we will be getting the Retail sales numbers for the month of December.... on the holiday sales numbers. Tomorrow could be a real big day if banks and retail both report good numbers and if they don't the markets could take a hit...but I'm guessing we will just be flat... unless banks guide higher. Going into the close today will be important for the markets.
  • champ: $AMZN ...OUT... 3/4 of my position early....@ $813
  • Bruce B.: @champ $AMZN ........As usual, you are on top of it Champ. Nice Going.
  • boba: @DAN $AMZN $CLVS $TSRO Dan, what kind of a stop would you put on TSRO for a $10-20k position. It is going up but it moves all over the place. Thanks
  • Bruce B.: @champ $SPX $XRT $AMZN ........Champ, IBM looks like a nice setup for tomorrow.
  • champ: @Bruce B. $SPX $XRT $AMZN --- On $IBM yes, it looks like it could outperform the markets. I added to my core position today but we need the market to cooperate. Need the banks to help - out in the morning or the markets will drop. By the the way did you see my post yesterday in the AH's about #Schwab...?
  • Bruce B.: @champ $SPX $XRT $AMZN $IBM #Schwab .... No I missed it
  • Bruce B.: @champ $SPX $XRT $AMZN $IBM #Schwab .....but I am opening up again to look at your post on $P.
  • bnnybklyn: I cringed hard when $AMZN Alexa echo device responded to a question on Sqawk Box this morning. "Alexa, what is the top rated minivan ?" She blabbed something back about a toy being sold on Amazon for $5.99. Effective!
  • shoredriver: @bnnybklyn $AMZN I would be more concerned about who is listening in...NSa etc... no way in my home....
  • bnnybklyn: @shoredriver $AMZN i think that ship has sailed in my home
  • haroldzero: @Dan $AMZN. Good morning Dan, is AMZN in a healthy pull back or we should be cautious on this pull back? Where would you put a stop on this stock? Thx
  • bnnybklyn: $KRNT up big with news of deal with $AMZN
  • JJT1: $FB $AMZN $NFLX $GOOGL $AAPL FANG stocks and apple now all sideways but between their EMA and upper BB. Never owned them all at same time.Bought $AMZN Jan 795 calls this AM thinking after 2 inside days was poised to move today. Wrong (so far). Also thought $NFLX would move higher so bought Feb 130 Calls. Still to decide whether owning FANGA is smart or dumb.
  • champ: @JJT1 $FB $AMZN $NFLX $GOOGL $AAPL --- Not really anything wrong with moving sideways ...thats positive...not negative but we need to see if they hold....and they do need to consolidate after the nice move that they all had. Drugs took everything traders/investors are watching for direction and thinking about...what to do...but nothing has really changed but the market needs to confirm if thats true... before it moves back-up...don't really know how long thats going to take...maybe today or in the next few days...most banks are holding for now..and also moving sideways and down a little... $XLF $KRE $KBE $FAS $BAC.
  • Obsxllc: $AMZN starting to squeeze on the 1 hour chart?
  • Bridget: @Obsxllc $AMZN $FB and $GOOGL are as well
  • Bruce B.: @haroldzero $AMZN Hey Harold did you get a response from Dan on your question about AMZN?
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