The AMZN swing trade was aborted in early trade. Weak retail sales data threatened a retest of the lows so I bailed with a profit rather than wait to be stopped out.On the daily, I'm hoping for a breach of support so that more shorts get triggered, followed by bargain hunters piling in, leading to a short squeeze.
Today is OPEX. Early indications - JPM selling off on earnings, INTC giving back most of yesterday's AH gains - imply weakness.
3 comments:
Just thought I'd point this out. I looked back at the last couple of mnths. AMZN tends to stay pretty low opt exp week and then bounce the following.
Good Observation Novice_trader! I'm going to incorporate that into my trading plan. No support swing trades just prior to OPEX.
Thanks.
Good move guys seeing where AMZN is now. Congratulations.
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