I decided not to press my AMZN short, discussed here on the blog previously and taken inside 12631, and instead covered part of my position just now into this intraday spike lower.
With a declining 200-day moving average, the stock has been one of the weaker leaders in the Nasdaq for a while now. I may very well add back to it soon.
Here was my note to members:
Covered 1/2 of 1/2 SHORT $AMZN @ $321.81 from $339.40 entry to scale some gains into this swoon. Decided to rotate capital to other plays instead of pressing the one. 1/4 position left. Stop at core entry price now.
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Letting this final piece run so far.
My TSLA finally broke. Going much lower. This is the beginning of a major move down.