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#1 tommyt

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Posted 26 July 2018 - 03:38 PM

My call for weeks as we entered this earnings period was to sell the market into AMZN earnings...AMZN smashed their numbers but still cant rally. FB sent a message, these FANG type stocks can fall, and hard. Either way its time to sell any rallies if you haven't, specifically in NAZ type techies. We are entering the seasonal Aug/Sept vol play.



#2 CLK

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Posted 26 July 2018 - 05:10 PM

 At what number would you be wrong ?



#3 Waver

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Posted 26 July 2018 - 08:30 PM

TommyT
What do you mean AMZN cant rally? In the after hours it was up $58.80. Thats a pretty good rally I think. Dont you?

#4 tommyt

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Posted 27 July 2018 - 08:24 AM

"What do you mean AMZN cant rally? In the after hours it was up $58.80. Thats a pretty good rally I think. Dont you?"

 

na, options were pricing in a 6-9% move, so 3% on a big beat isnt much really. Past reports with this kind of blowout were much bigger moves.



#5 redfoliage2

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Posted 27 July 2018 - 11:57 AM

Sure it's a sell.  The question is how low it will go for this leg down..................



#6 tommyt

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Posted 27 July 2018 - 01:23 PM

"Sure it's a sell.  The question is how low it will go for this leg down"

 

I led you to water, now you have to drink.



#7 tommyt

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Posted 30 July 2018 - 09:58 AM

"At what number would you be wrong ?"

 

above the QQQ recent high + 1/2 daily ATR.  FANG types look horrible and will continue lower in the next month.