Time to Go Long AMZN

Hi Shoppers,

Check out the chart in Amazon (Ticker: AMZN):

Do you see what I see?

AMZN just barely squeaked a close above the 200 day moving average.

It is also holding my upward trend line while getting ready to trade in that wide open thin zone.

If AMZN holds $106, your stop loss area, I think it can pretty easily trade $110 and possibly $112.

Perhaps some calls are in order.

Trade Review

Energy Select Sector (Ticker: XLE) chart is still intact to trade higher.

Microsoft (Ticker: MSFT) still looking bullish.

Apple (Ticker: AAPL) bullish until it closes below $171.

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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