Is Amazon losing it?

In today's short video we look at Amazon, not the river, but the stock. Yesterday (6/28/10) I spotted some market action that I wanted to bring to your attention. Unfortunately, I could not release this video any sooner because of scheduling.

Amazon is in a whole lot of trouble in my opinion. Not only are our "Trade Triangles" negative, but also an important technical element for Amazon was breached. This one element is one of the simplest, yet most powerful technical tools you can use in trading.

I think you'll enjoy this very simple approach as it has worked consistently over the years. As always our videos are free to watch and there are no registration requirements. All we ask is that you comment on our blog about this video.

All the best,
Adam Hewison
President of
Co-founder of MarketClub

9 thoughts on “Is Amazon losing it?

  1. Almost a year later an AMZN sits at roughly $217, i hope people didnt panic because of this and held out for some big profits.

    looking at past years i expect these shares to peak end of amazon 3rd and 4th quarter to coincide with amazons usual christmas peak in turnover.

    only way is up !

  2. I agree with the assessment of AMZN based on the technicals, and the fundamentals... primarily the competition for the Kindle line.

    One of the problems I seem to consistently have is being right and having the timing off in my exits. I'm curious how you use the Trade Triangles or Fibonacci ratios to set your exit points once you are in a profitable trade.

    1. Jack,

      Thanks for your feedback.

      See my latest video on SP500 targets. It will be published on July 1st.

      All the best,


  3. I agree... this is a critical trend that is breaking with the market. Would you short here Adam?

  4. A very interesting observation about AMZN - my question is how did you originally notice this stock - on a scan, luck or was it already on a watch list

    1. Claude,

      Thank you for your feedback.

      Amazon would have been picked up by SmartScan when it flashed a monthly red triangle.

      Amazon also happens to be on my watch list as it is a big Internet company.

      All the best,

Comments are closed.