iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,080 Blog Posts

Obey Your Robot Overlords

The futures market is back open and ripping.  Your history books told you the day after MLK is caustic for traders, yet prices press higher.

I about fell out of my chair when I came back to my charts this morning and feasted my eyes upon the 30 minute profiles.  Where was I in the last hour of trade Friday?  I was pulling auditors out of my rectal cavity.  The neutral print occurred—my favorite intraday market profile print.  Had I been around, without question I would have been using the afternoon weakness to get long my favorite stock pick into earnings: Amazon.

This is my tip top pick into month end, and I am hoping the degenerate gambling class doesn’t send share prices spiraling higher before I can work a nice piece in place.  Amazon grabbed the golden ring with this Prime business.  There was so much two day shipping being added to orders USPS, UPS, and FedEx were overwhelmed and Christmas was ruined for many a child. ..single tear.  Best Buy is again being crushed under their own weight as they die a slow, gluttonous death.

The catalysts are in place for Amazon to rip nips over the next ten days.  Considering the public’s proclivity to go gentle on Amazon when they whiff earnings, the bold trader may consider carrying a piece of risk into the release.  However, statistics over the last 18 earnings announcements show holding long through earnings carries a 44% win rate.  The key, in my opinion, is booking some victory leading up to the news drop and defining your risk with a long call position.

But I get the feeling they crushed this holiday season.

Top pick this week and may the stock gods grant us unchanged pricing in the morning: AMZN.

 

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6 comments

  1. UncleBuccs

    Maybe an AMZN Yolo?? Jan24 $415 might be interesting…

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    • Raul3

      Perhaps…I want to make sure and play this slowly, but quick if I need to

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  2. Sean

    I’m more concern/anticipate about CREE earning this week, since I hold them for long term investment. Will see how it goes. I believe you hold through earning your CREE, right ?

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    • Raul3

      I do but I did reduce exposure ever so slightly last week. It was my largest position. Recent history has everyone a bit squeamish to hold CREE thorough earnings but it actually has a 78% win rate for longs held though earnings over the last 9 announcement.

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  3. ironbird

    Will be watching and learning on the AMZN trade. If any story is beyond known it is this one. Need to except the momentum game more. Good luck sir.

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    • Raul3

      very known story, but how known and will people bid prices up ahead of what they feel is a doozie?

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