Amazon beefs Up For Q4, Are You Buying?

Amazon(NASDAQ:AMZN), the world's largest online retailer just announced that is hiring 70,000 new employees for Q4 and I see this as a big positive for this stock. I have been positive on Amazon for some time now, but I see this fourth-quarter as being a potential (knock it out of the park) quarter for this company.

I recently purchased some bicycle parts from Amazon, and as usual Amazon delivered, as promised, on time, and the parts were perfect. I'm not sure how it is with your friends and family, but it seems that all of my family and friends order from Amazon.

Millions of people purchase from Amazon(NASDAQ:AMZN) over the course of the year, and that trend isn't likely to slow down anytime soon unless there is a major Black Swan catastrophe. Why do so many of us love doing business with Amazon? My belief is because Amazon, like Apple makes it so easy to enjoy their products and services.

Okay, now let's take a look at the chart and the technical picture for Amazon(NASDAQ:AMZN). The most important technical element is that all of the Trade Triangles are in a positive mode, indicating higher prices to come.

Now let's take a look at what has happened in the recent past. There is an old Hungarian proverb, "The past is the teacher of the future". Looking back, you can see that Amazon made an important cyclic low back in the Nov/ Dec period last year. From that cyclic low of $219, the market rallied to reach a high of $284, which represents a $65 swing from low to high (see first orange arrow on the chart). Continue reading "Amazon beefs Up For Q4, Are You Buying?"

"Saturday Seminars" - Researching Your Trade

Various technical indicators my be used to complement and refine such strategies. One little-known but exceptionally useful technique is Howe's Limit Rule, applicable in especially volatile markets where there is so much opportunity - and risk.

Linda believes strongly in market tendency patterns and the predictability of price direction, though not magnitude. Prices tend to form a distinct three-day swing trading pattern, one which consistently repeats itself in tradable fashion.

Linda will discuss why this swing pattern sets up, how to recognize it, the tendencies of the underlying theories, and the philosophy behind trading it. She will then teach a sound method for trading this cyclic phenomenon, one which builds confidence to trade any market on any day.

Finally, Linda will illustrate how, based on these patterns, you can develop mechanical systems that are applicable to various length market periods. This presentation will give you a new perspective on price behavior and chart patterns.

The study of price behavior lends itself to various avenues of research. Can correlation studies project future price movement? What similarities exist in the price behavior of different markets, for instance, futures vs. equities? This workshop is intended to help the intelligent trader make good decisions.

Rashcke explores the importance of how to research your trades through...

  • Historical (Seasonal) Trading
  • Historical Correlation Studies
  • Researching Derivatives

Linda Raschke has been a full-time professional trader for over 20 years. She began her trading career on the Pacific Coast Stock Exchange and later moved to the Philadelphia Stock Exchange. Linda was written up in Jack Schwager's book, "The New Market Wizards" and in "Women of the Street" by Sue Herera. In 1995, she co-authored the best selling book "Street Smarts - High Probability Short Term Trading Strategies." Linda continues to trade every day.


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