Watch tonight's video for a TheoTrade idea. AMZN is displaying a 2 standard deviation move to the upside in the last 10 trading sessions making the stock movement statistically significant whereby providing a contrarian setup. Additionally, market technicians Jeff Bierman and Doc Severson have pointed out the RSI Laguerre is displaying highly overbought and the Fractal Energy displays the stock has run out of momentum in this most recent advance. Here's the trade...
2 Comments
Craig
September 28, 2016Why not wait until the end of the quarter (2 more days) to put this trade on? If the stock is up due to window dressing, it should continue to move up until Sept 30
Bill
September 29, 2016My first time with listening to this presentation and it has got my attention. I am a new trader and want to follow a trader who I can learn from and make a few bucks at the same time. I am ready to start options trading. Bill