Strong retail sales this weekend? Forget Wal-Mart (WMT) and the stampeding shopper. Try Amazon (AMZN), and the stampeding mouse clickers. (November 25, 2016)
AMZN
I want to look at Amazon ( NASDAQ:AMZN ). You may have seen in the news about people getting shot in the parking lot, and ran over, through the plate glass, on the way to the one flat panel TV that is on a big sale. I wonder what the deductible is on the insurance for taking care of those lacerations? Anyway, this is what I am looking at: Boom! Look at Black Friday on Amazon ( NASDAQ:AMZN ), it is all over the place. They have got amazing devices everywhere. Black Friday, Black Friday, it is the deal of the day. And you know what? You can get this stuff without risking bodily injury. I think Amazon ( NASDAQ:AMZN ) is probably going to really blowout on Monday. That is just a feeling that I have. I don’t like to trade on feelings. Generally when you trade on feelings you wind up feeling bad afterwards,
I like to trade on more objective reasoning. And here is the thing: Since this stock fell below the 50-day moving average, it hasn’t been up above it. So here is what I surmise: If Amazon ( NASDAQ:AMZN ) reports really good numbers, I am telling you, that is where I am doing my shopping. And I don’t think I am the only one; I don’t need any of that crap. So if Amazon ( NASDAQ:AMZN ) reports some pretty good sales, then gaps up and jumps above 800.00, if that gap continues to hold I think you are going to see Amazon ( NASDAQ:AMZN ) ultimately moving to new highs. So what I would suggest doing, first of all, if it doesn’t do that then what I am saying in this video doesn’t apply, so this is an ‘if then’ video. IF the stock moves, it doesn’t have to gap, I don’t really seeing it gapping 20 points, but if the stock moves above 800.00 and HOLDS there, then you want to be a buyer of this stock. And then you keep a little stop just below this 50-day moving average.
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