Tag: $AMZN

$WFM …man took a while but it popped …UPDATED

06/17/2017 – I’m learning a ton by blogging.  I’m learning that using WEEKLY and MONTHLY charts is my style, I’m learning that locomotive freight train stocks/indices are a beauty to behold but I’m also continually cementing the fact that everything is VIBRATION.

Take for instance WFM.  This week, it was announce AMZN was going to buy them.  WOW … but I didn’t know that two years ago when I noticed a bunch of numbers based on sacred geometry, music and square roots were all coming together and all these ‘numbers’ held as support.

So, if you want to see how to manage risk .. (OBTW that’s the power of PATTERNS using leading indicators based on vibration and music theory, sacred geometry – YOU KNOW WHERE YOU ARE WRONG) then I urge you to go all the way to the bottom of this post and then work your way up.

For now, note that the announcement this past week exploded the price right to … wait for it .. .right to point of an AB=CD ‘basic’ price projection.  Also, note the gap that is standing in it’s way in/around 44-47.  Expect some resistance in around there/here but that 2 year consolidation would be a great place to buy against if it gets that low ..

enjoy and have a great weekend. Amazing beach water in San Diego .. going to hit the SUP.

Bart

________________________________________________________________________________________

04/29/2017 – consolidated for a long time and finally popped. a MONTHLY close above the first gap top (40) should seek higher.

also, look at daily – lots of gaps in play …

 

___________________________________________________________________________________

07/24/2016 – appears to be building an ice base to attack daily gap resistance levels and perhaps roll into higher levels.  a daily/weekly close back below 28 signals a failed pattern and this analysis is wrong.

here was another update: https://bartscharts.com/2015/11/04/wfm-update/

hope this helps my life long friend … see you in San Diego dude!

Bart

Page_16-07-24_15-39-54 Page_16-07-24_15-46-40

 

 

I enjoy listening to JC Parets (@allstarcharts) (www.allstarcharts.com ) as he’s entertaining as hell and also knows his stuff. I blame him for getting me blogging and haven’t looked back since …he’s introduced me to blogging, google hang out, twitter and now periscope.  today, was doing some emails and “periscope” popped up that he was cruising the charts so I simply hit the app and was immediately logged onto his computer screen where he was pushing some charts around.

one of the charts – Whole Foods.  Besides something about overhead supply, divergence, moving averages and stuff like that I called up the chart on a monthly and saw a PERFECT BUY PATTERN.

  • note the blue arrows – projects into 27.94
    • but more importantly, note that they are equal in PRICE and TIME right in/around here.
  • note the extensions (sitting on the 1.27 extension right now)
    • 1.4142 extension hits right on the .618 retrace (that’s good) at 27.16-27.21
  • last, look at the dashed orange line .. it’s a measured move which represents the largest corrective move since the all times lows in the early 1990’s

So, sure looks like it “should not” go thru 27 so it presents a nice risk reward.

Page_15-11-03_16-02-12

how about some math?

  • (square root 65.58-2)^2 = 37.18
  • (square root 65.58-4)^2 = 16.79 (right on the .786)
  • (square root 65.58-3)^2 = 25.99

so, we have a LOT of thrust coming into this level but a lot of math is coming into play in/around 26-27.

thanks JC!

Bart

had some fun w/ $AMZN over @seeitmarket an Update

04/14/2017 – just a quick update that we are really close or need a little bit more for the SRC to be invoked on AMZN. also, note the shooting star candle present and also the doji like candles that started most corrective moves.

probability lends itself to be cautious and sit on ones hands to assess the next couple weeks of AMZN price action.

as you can see by the chart below a “normal” correction has been around -30 percent ….

have a GREAT weekend w/ family and friends.

B

_________________________________________________________________________________________________

04/06/2017 – its been a while but did do an update for Andy and the gang @seeitmarket:

https://www.seeitmarket.com/amazon-stock-chart-update-amzn-defying-gravity-16736/

After this post, went and did a peak at the measured moves and compared the last one to musical notes. basically, the measured move extended base on the 12th root of 2 or 1.05946.  the other method I used, taught to me by Michael Jenkins was a simple, yet powerful, projection technique using the “move down” to balance w/ the same move up (the purple arrows).

As one can see, it moved roughly 2 percent past the measured move target and we still do not have a SRC. Since the high candle started this week, we use the LOW of the high monthly candle as the “new” SRC base.  That “new” SRC if looking for the short is 885.

Until we get a monthly or weekly close below 885 I would stay away  from the short side. I relative terms, we are close to 1000 and in this euphoric and unrelenting bull market how cool would it be to hit 1000 / share for AMZN.

___________________________________________________________________________________________

http://www.seeitmarket.com/shares-amazon-amzn-nearing-top-trading-15950/

had some fun w/ $AMZN over @seeitmarket an Update

04/06/2017 – its been a while but did do an update for Andy and the gang @seeitmarket:

https://www.seeitmarket.com/amazon-stock-chart-update-amzn-defying-gravity-16736/

After this post, went and did a peak at the measured moves and compared the last one to musical notes. basically, the measured move extended base on the 12th root of 2 or 1.05946.  the other method I used, taught to me by Michael Jenkins was a simple, yet powerful, projection technique using the “move down” to balance w/ the same move up (the purple arrows).

As one can see, it moved roughly 2 percent past the measured move target and we still do not have a SRC. Since the high candle started this week, we use the LOW of the high monthly candle as the “new” SRC base.  That “new” SRC if looking for the short is 885.

Until we get a monthly or weekly close below 885 I would stay away  from the short side. I relative terms, we are close to 1000 and in this euphoric and unrelenting bull market how cool would it be to hit 1000 / share for AMZN.

___________________________________________________________________________________________

http://www.seeitmarket.com/shares-amazon-amzn-nearing-top-trading-15950/

FCX

w/ the big move in copper, companies like FCX have taken off.

it’s a nice picture of a two buy patterns coming into play, a breaking of the inverse head and shoulders and now, POTENTIALLY a move back to the neckline or a little lower for a BUY.

here’s the rub … while this move in copper is IMPRESSIVE I’m not sure if it’s just a counter trend bounce. So … when copper gets up to the 3.0 level I would monitor FCX closely.  let me know if you have any questions.

also, note, watch REAL rotation into this stock via AMZN/FCX ratio analysis. Believe it or not, from a relative strength basis, FCX (on a relative strength basis) has outperformed AMZN.  So, if it’s really being rotated into … the pattern shown below will fail and go higher, filling the gap and taking off …

B

page_16-11-28_16-35-33 page_16-11-28_16-46-21page_16-11-28_16-54-34

the FANG GANG- where are we now

11/5/2016 – I really enjoying blogging for Andy @seeitmarket.  he’s such a great dude, great family and he’s created one of the best resources for quality and professional research.  Over the past year or so (yes, year or so) he’s given me the opportunity to blog/write for his site.  Every once in a while I’ll text him and say “what do you want” and he’ll give me some ideas.  Over a year ago he told me to start watching the FANG gang. So, I did …

F- Facebook

A – Amazon, Apple (you pick)

N- Netflix

G- Google

over the past couple months, these stocks have been responsible for 25% of the NASDAQ’s gain.  That’s a heck of a lot of exposure ….but, in the end, the geometry told the story.  here’s the story …

Facebook: http://www.seeitmarket.com/facebook-stock-update-fb-big-moving-coming-soon-16078/

Amazon – http://www.seeitmarket.com/shares-amazon-amzn-nearing-top-trading-15950/

Apple – http://www.seeitmarket.com/aapl-stock-update-heres-bullish-aapl-buy-setup-15618/

Netflix – http://www.seeitmarket.com/netflix-reverses-could-icahns-move-mark-nflx-stock-top-14506/ (note, this one went to a 1.27 x AB-CD pattern)

Google – http://www.seeitmarket.com/alphabet-stock-googl-critical-time-price-juncture-investing-16218/

what the articles show is these stocks are hitting / have hit MAJOR targets and, well, believe it or not could be in for some very very turbulent times in the coming weeks/months.

Stay tuned, but if history is any guide, one would expect some clear leadership from these names but they have hit major patterns and square outs SO … not sure what the fundamentals are telling us but based on this past weeks action they appear to respecting the geometry/vibration/patterns present based, simply, on numbers and math and music and blah blah blah.

stay tuned and let me know if you have any questions.

Navy over Notre Dame – woot woot.

Bart

go ahead and hate … CSCO appears ready to breakout and outperform

03/14/2016 – update

the move down to 16 did not materialize but do believe the Mirror Image Foldback is still working. Put this one on the radar screen as it appears to be getting ready to blow. An update chart below:

Page_16-03-14_22-11-44

PUT THIS ONE ON THE RADAR SCREEN ….

now, look at these relative strength charts of CSCO vs FB/GOOGL/AAPL/AMZN

Page_16-03-14_22-14-58 Page_16-03-14_22-16-43 Page_16-03-14_22-20-48 Page_16-03-14_22-25-49

believe it or not … the glamour names certainly look to be under pressure from CSCO and it “should” start to outperform on a relative strength basis. With this type of underlying strength, watch for the breakout noted above.

Let me know if you have any questions.

B

 

 

a move down to 16 would be a NICE place to BUY for a potential foldback as shown ...KABOOM (?)
a move down to 16 would be a NICE place to BUY for a potential foldback as shown …KABOOM (?)

A look at the high flyers in 2014 – all lower significantly!

I am neither bearish nor bullish.  I am a pattern recognition trader that puts everything into the context of human behavior.  the rally from 2009 is so over stretched that 2014 will bring, potentially, a down side move of enormous proportions.  There I have said it …simply based on the MONTHLY (read long term) SELL PATTERNS present this is going to be a THUMP.  If the PATTERNS FAIL (which they do, obviously) then the band will play on … I just don’t see it happening and, quite frankly, i am alone in my thinking.

The bullishness present RIGHT NOW is the most extreme it’s been in the history of the stock market …do you want me to type it again?  Here’s a look at the high flyers and, again, I think they will all be lower, significantly.  Hope I’m wrong…

GOOG: note the same pattern and measured move that is present.  Tried at/around 925 and got my clock cleaned.  in prove it mode now … but sure looks done.

AMZN: a 5 wave count is present and I was looking for a top lower, but got run over by the euphoria present in the market.  this doesn’t change the count, it’s just going to hurt that much more …

PCLN: again, a clear 5 wave count present and a high flyer of AMAZING proportions .. perhaps a little higher to targets shown?  but 5th wave is weakening.

TSLA: bounce occurred as expected .. believe it will start, in earnest once the new year rolls around.

TWTR: bouncing today, but possible count complete.  believe this stock is going to get smoked

FB: unorthodox count but one that makes sense .. basically, this entire move has been a corrective expanded flat and FB will go to single digits.

Main20131230151647 Main20131230151715 Main20131230152006 Main20131230152325 Main20131230152434 Main20131230153201 Main20131230153946