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AMZN

Market up on GM, UBS, KO earnings Coca-Cola shares rose 2.9% in the premarket after the beverage giant’ third-quarter earnings and sales beat Street forecasts. The company also raised its full-year outlook as demand remains steady even as it has raised prices to make up for higher expenses. General Motors (GM) – GM shares rallied 4.4% in premarket trading after the automaker reported a better-than-expected third-quarter profit, helped by rebounding sales. GM also said supply chain constraints are easing, allowing it to increase inventories on dealer lots. General Electric (GE) – GE jumped 4.2% in premarket action even though its earnings fell short of forecasts. The company cut its full-year outlook as it works its way through supply chain issues and higher costs. GE’s revenue was stronger than expected, as was free cash flow. UPS (UPS) – The delivery service’s shares rallied 4.4% in the premarket following a mixed quarterly report that saw earnings beat consensus and revenue fall short. UPS was helped by expanded profit margins as it raised prices. UBS (UBS) – UBS jumped 5.1% in the premarket after the Swiss bank posted better-than-expected quarterly results, helped by a jump in customer cash inflows to its wealth management business. SAP (SAP) – SAP rose 3% in premarket action after the German business software company reported upbeat quarterly results, helped by strong growth in its cloud business. SAP also confirmed its full-year outlook. Logitech (LOGI) – Logitech jumped 7% in the premarket after the maker of computer peripherals maintained its current full-year guidance, which was reduced in July. Logitech has seen sales cool off following a long period of elevated demand spurred by the pandemic. Qualtrics (XM) – Qualtrics surged 9.6% in the premarket after the maker of customer feedback software reported better-than-expected quarterly results and lifted its full-year forecast.
CME_MINI:ES1!Long
by AnthonyNelson
1
These stocks confirm the bottom has not happened yetMonday will determine where we are. I have three theories for now. Most importantly I am not yet convinced the near-term bottom is in because other stocks that have followed the market pretty well have not finished their wave 5 bottoms which would have them notch lows lower than their wave 3 bottoms from June. The S&P 500 index ended its last long bull run with a top on January 4, 2022. It ended Primary wave 1 with a firm bottom on February 24, 2022 (this is the sell-off on the first day of Russia-Ukraine conflict). Primary wave 2 topped on March 29, 2022. Primary wave 3 bottomed on June 17, 2022. Primary wave 4 topped on August 16, 2022, while nearly touching the top trendline which began on January 4 and ran to March 29.Multiple stocks, especially those in the NASDAQ began the bear market earlier in the fourth quarter of 2021. Amazon ( AMZN ) is one of these stocks. The stock had an all-time high July 13, 2021; however, this was likely a wave 3 top from the prior waves instead of the beginning of its own bear market. This was confirmed when Amazon’s lows in May and June 2022 flashed wave 3 signals instead of cementing a wave 5 base and market bottom. Therefore, Amazon began its decline with a top on November 19, 2021. It finished wave 1on March 8, 2022, wave 2 on March 29, 2022, wave 3 on May 24, 2022, wave 4 on August 16, 2022. Amazon began its waves early but achieved market reversals for waves 2 and 4 while bottoming with the market around June 17. If unsure about the index, this stock can also hold clues as it is yet to drop below its wave 3 bottom. Next stock is Target ( TGT ). The stock presented the wave 3 peak from its last bull run on August 11, 2021; however, it achieved an all-time high on November 15, 2021. This is where I believe its bear market began. Wave 1 ended February 24, 2022, wave 2 on April 21, 2022, wave 3 on June 30, 2022, and wave 4 on August 16, 2022. This stock matched the wave 1 and 4 reversals while forming a bottom, just not its final on June 17 as well. This stock is trending well with the market. Like AMZN, it is yet to go below its wave 3 bottom and therefore I believe more declines are to come. Next is Lowes ( LOW ) which is in a slightly different ending position but yet to drop below it’s wave 3 bottom. The Lowes bear market began on December 13, 2021. Wave 1 ended with the market on February 24. Wave 2 ended on March 21. Wave 3 ended on June 22, while achieving a near bottom with the market on June 17. Wave 4 ended on August 17 which is one day behind the market. For now it appears it may be further along in its final wave 5 down, but it is still 12 points above the wave 3 low. The trendlines have not been as helpful from a technical standpoint for this bear market. Rockwell Automation ( NYSE:ROK ) is another stock moving with the market, however, the trend lines are not producing points of resistance. Wave 1 began December 16, 2021 and ended with the market on February 24, 2022. Wave 2 ended with the market on March 29, 2022. Wave 3 ended days after the market on June 22, 2022. Wave 4 ended with the market on August 16. This stock has tracked very tightly with the index, and if this remains true I currently have ROK around Minor wave 2 in Intermediate wave 5. This is more apparent than the current movement in the index, however, it can be used to indicate what lies ahead for the market. Old Dominion ( ODFL ) is next with the bear market beginning December 7, 2021. Wave 1 ended with the market on February 24, 2022, wave 2 on March 18, wave 3 ended on May 19, but did find another market low on June 17 with the market. Wave 4 ended on August 11 and the stock is currently around Intermediate wave 5 preparing for its final bottom. Another high volume darling with earnings this week is Apple ( AAPL ). It began the bear market with the index on January 4, 2022. Wave 1 ended slightly later on March 14, but it also shared a major bottom on February 24 with the market. Wave 2 ended on March 30, wave 3 ended June 16, 2022, and wave 4 ended on August 17. The last three reversals for Apple occurred one day after the market, so this is something to consider moving forward. A drop to the wave 3 bottom requires a minimum 20 point loss from Friday’s close. This stock has quite a bit of ground to lose and the stock trends up prior to earnings. An earnings call bomb is the quickest way for Apple to retake the June lows. The S&P 500 has gone below the Primary wave 3 bottom so technically it does not have to go lower than it did on October 13. I am using the stocks mentioned here to determine when the index has bottomed as I do not believe it has occurred yet. Tomorrow will be big for the index. The current chart has us possibly still in Intermediate wave 4, and it would likely be near the Minor C wave. The trendlines for SPX have held well and there is not much before that line is met. This only leaves room for the near-term top to happen no later than tomorrow. For this entire analysis to hold true, we should have an overall down week. Big earnings start coming out by mid-week to include some of the stocks mentioned here. I will map out the sub waves once I know where we are in Intermediate wave 5. Earliest models would have Intermediate 5 lasting 11 days IF we ended Minor wave 2 on Friday. If we are not in Intermediate wave 5 yet, the length could be around 15 days long. Upcoming catalysts besides earnings are the Fed the first week in November and the U.S. elections the second week of November.
SP:SPXShort
by StockSignaler
Bullish $AMZN Amazon broke out of its channel on Friday, stock has the potential up to $124 per share over the next week. Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational and entertainment purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision and is for entertainment purposes only. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
NASDAQ:AMZNLong
by atrusik
AMZN - BULLISH SCENARIONASDAQ:AMZN Giant, rated as one of the most stable blue chips out there. Unless the earning report is way below expectations the price is likely to bounce off the support levels from before the split action 5 months ago and transit into a trend reversal formation. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses
NASDAQ:AMZNLong
by legacyFXofficial
AMAZON - Make Or Break! Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. AMZN is approaching a strong support and round number 100.0 in green. For the bulls to take over, we need a new major high to form and then a break above it and above the falling trendline in orange. Meanwhile, we would be bearish and we can still dive inside the green zone 85.0 - 100.0 before reversing. Unless the bears manage to break below 85.0, in this case, the bears would remain in control and more bearish movement would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:AMZN
by TheSignalyst
4
AMZN Potential for Bearish Continuation| 13th October 2022On H4, with the price moving below ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the sell entry at 116.81, which is in line with the overlap resistance to the take profit at 101.28, where the 78.6% fibonacci projection and 61.8% fibonacci projection are. Alternatively, price may rise to the stop loss at 122.35, where the previous swing high is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMZNShort
by Rockqet
AMZN Potential for Bearish Continuation | 11 October 2022On H4, as the price moving within descending channel and below ichimoku cloud , we have a bearish bias that the price may drop from the sell entry at 117.35, which is in line with the overlap resistance to the take profit at 102.18, where the swing lows are. Alternatively, the price may rise to the stop loss at 125.05, which is in line with the 38.2% fibonacci retracement . Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMZNShort
by FXCM
AMZN Potential for Bearish Continuation | 11 October 2022On H4, as the price moving within descending channel and below ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 117.35, which is in line with the overlap resistance to the take profit at 102.18, where the swing lows are. Alternatively, the price may rise to the stop loss at 125.05, which is in line with the 38.2% fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMZNShort
by Rockqet
1
Amazon´s downtrendAmazon was marked with a huge growth during the COVID period which makes us focus on the behaviour of the stock within the rectangle of that period. And we notice here that we have a support at 143 and within the rectangle we can notice the oscillation of the price. This also marks a curve format that leads us to the downtrend starting from April 2022. So, following the trend line above we expect that the price will first rise following the curve in the rectangle then drops either to 124 or 101 which is the limit of the rectangle.
NASDAQ:AMZNShort
by vf_investment
AMZN: A breakout from a Congestion Zone! What's next?• AMZN triggered the bullish sign we discussed last week, by breaking the $117 area, and it is behaving just as we expected. As usual, the link to my last analysis is below this post; • Now that it is not in a congestion anymore, AMZN is free to seek its next resistances. Ideally, it would fill the gap at $136 in the next days – Remember, gaps work as magnets during reversals; • AMZN is consistently trading above the 21 ema, which is good, but the reversal is still on early stages, and any bearish reaction could frustrate the bullish thesis; • What kind of reaction could make AMZN reject the bullish thesis? If it loses $117 again it wouldn't be good. If it triggers a bearish reversal structure, it would be worse. So far, there’s no technical bearish reversal structure around, just an important resistance level, as seen in the daily chart below; • The main problem on AMZN is the 21 ema, as any bearish top sign around this area would give us the impression of a Dead Cat Bounce, just for AMZN to resume the drop all the way down to $112 again, or even to the $102; • Therefore, the situation is still delicate, and AMZN still has a few challenges before truly reversing this bearish sentiment; • For now, let’s keep our eyes open around the $117 - $118 area; I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
4