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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Paris

Paris

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NOTABLE POSTS WITH IMPORTANT UPDATES...

Thursday, February 14, 2019

Potential Head & Shoulders Forming on Amazon

Amazon (AMZN) is forming a potential bearish head and shoulders pattern, as shown on the following weekly chart.

We'll see whether it plays out, in view of their decision today (Thursday) to abandon their project to build their second headquarters in Long Island, Queens...at a loss of 25,000 job for New York. Their statement is here and it describes the political opposition it received.

Keep an eye on the momentum (MOM), rate-of-change (ROC), and average true range (ATR) indicators for direction and velocity purposes going forward. I've shown their input value as one period to illustrate that more clearly.


Core Retail Sales m/m data released today (Thursday) were drastically in the red...a harbinger of things to come, or just a blip? One to watch over the coming months. Another month like this last one could hit AMZN and other retail giants hard.