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.
Sell
#1
Posted 26 July 2018 - 03:38 PM
#2
Posted 26 July 2018 - 05:10 PM
At what number would you be wrong ?
#3
Posted 26 July 2018 - 08:30 PM
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
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
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
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
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.