futures looking nice. 1st trading day will be a face ripper. I'm call NAS +100 eod.tomorrow. Will be exact opposite Jan last year. Gl
Not much of a "face ripper".... LOL. Notice all the black and red hourly candlesticks. Mid day the stock still looks very weak. It could not even muster enough of a retracement past the horizontal resistance before rejected hard. Now slightly lower so far for the day. It may finish up or down a bit but definitely expect more selling to continue. This stock is SO LOVED that of it was truly a value here it would be out performing the market and up BIG today. Well it is under performing.
slowly moving lower prices should be a concern, but last two candlesticks suggest a possible upside surprise rather than the downside
Sold my position on AMZN with a nice profit on 1/6/17. Still bullish on AMZN but will look for a $10-$15 pullback.
AMZN 780 weekly call was trading at 0.15 on Wednesday (2 days ago). today after 2 days it was traded $20. So if you invested $1500 on it 2 days ago, today you had $200,000.
Sold my position today with a nice profit. It should drop 10-15 in the next few days to create new buying opportunity.