Two for One?

AMZN, NVDA and all the rest

July 22, 2024

I’ve said it before I’ll say it again, flip a quarter. These markets are like that right now and that’s not always a bad thing, Recovery days like today sure offer signs of greener days ahead.

NVDA seems to be bouncing off of the 50 day SMA, TSLA is on a tear and and AMZN, well let’s take a look at 2 charts of it. What we find in both is support,

This first one shows us AMZN looking for support here at the 20 day EMA. here at investingwithfaith.com when it comes to swing trading and longer term investing we are fans of the Moving Averages. The SMA for longer term or swings, the EMA for shorter time frames and for when the markets or a stock is “whip sawing”

This second chart of AMZN is also the 2 year chart with daily bars. It however shows the channel it is currently in, and how price has now retreated back to support within the channel. One thing to consider is that it recently made new all time highs and profit taking was sure to come into play.

Big tech closed up mean and green today, small caps closed up meaner and greener……. #Discuss……..

Invest wisely, live charitably and be well

Brother Bill

DISCLAIMER: All content provided in this newsletter, blog, webinar, video, chart, communication is for Educational and Entertainment purposes only. Nothing included or mentioned is meant to be construed or used as trading / investment / financial advice. Trading / investing carries risk of loss, losses can and do occur. NO recording aloud...Know your risk and risk of loss before taking on any financial endeavors. Past performance is NOT a 

guarantee of future success. I am NOT a licensed or registered financial advisor or tax accountant. Prior to making any trading / investing /  financial decisions you should always consult with your licensed and registered financial advisor and tax accountant. There are no recommendations or solicitations  to buy, sell or hold any stock, future, options or bonds, cryptocurrency or any other financial entity in this newsletter. Nor are there any recommendations on any type or way or method to trade / invest. You do not have permission to redistribute this newsletter without my written permission first. 

#stocks #stocktrading #stockinvesting #options #optionstrading #stockmarket #optionsinvesting #SPY #S+P #NASDAQ #QQQ #RUSSELL2000 #RUT #IWM #NVDA #AMZN #MSFT #GOOG #TSLA #AAPL #META #HD #HomeDepot #AGM #IJR #WM #creditspreads #debitspreads #LongCalls #ShortCalls #Calls #Puts #AGM #IJR #WM #CHWY #DHI #IRM