Amazon Earnings Report | Failed Breakout Trades

Amazon Earnings Report | Failed Breakout Trades

AMZN Amazon Stock Chart 4.25.19 Before Earnings

AMZN Amazon Stock Chart 4.25.19 Before Earnings

Amazon Earnings Report: 3 Things I'll Be Watching

Beyond the headline numbers, these are some of the key figures investors should be paying attention to. Almost no regular market event moves money like Amazon's (NASDAQ:AMZN) quarterly earnings report.

The tech giant now worth nearly $1 trillion is known for volatile share-price swings after its earnings come out. With its almost meaningless guidance and erratic profits, Amazon's stock often moves by double-digit percentages, adding or subtracting tens of billions of dollars from its valuation in a flash.

Amazon stock is already up 28% this year, which sets the stage for another big swing when the company reports first-quarter earnings after the market closes on Thursday.

Intel earnings: New CEO is not getting a honeymoon period

In first report since taking job on a permanent basis, Bob Swan must confront data-center weakness, CPU shortages, AMD competition

Intel Corp.’s new permanent chief executive should arrive to his first earnings report with a full deck of updates for investors after what is expected to be a slow start to 2019.

With earnings scheduled for Thursday after the close of markets, investors will be looking for further details of Intel’s recent decision to drop out of the 5G smartphone modem market […]

Can Starbucks (SBUX) Keep the Earnings Surprise Streak Alive?

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Starbucks (SBUX ) , which belongs to the Zacks Retail – Restaurants industry, could be a great candidate to consider.

This coffee chain has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.23%.

Microsoft heads toward $1 trillion valuation after earnings

Microsoft stock gains more than 4% in after-hours trading, could become second U.S. public company to hit the mark after Apple

Microsoft Corp. shares rose in the extended session Wednesday, pushing the tech giant toward a $1 trillion valuation as cloud growth continues to boost the company’s finances.

Apple Inc. AAPL, +0.19% is the only public U.S. company to record an official $1 trillion valuation, and has been nearing that mark again of late, closing Wednesday with a market cap of $976.8 billion, according to FactSet. Inc. AMZN, +0.85% briefly crossed the mark in a single trading session last September, but has never closed a trading session at that level.

Failed Breakout Trading Setup

Failed Breakout Trading Setup

Complexity is the roadblock to achievement…

You'd be surprised how simple successful traders keep things. Today's lesson focuses on breakout trades.

So many of us read trading books and love the idea of fast breakout profits. We take the breakout and many of them fail. Good trade setups fall back into your face and your excitement for breakouts quickly fades.

So what was missing?

I call it tape reading but let's stick with the idea of keeping things simple. Let's call it “look deeper.” Something most traders never grasp is that “the signal” is not the trade. A breakout, a bull flag, a wedge pattern…they are a part of the trade.

Trading isn't green light, yellow light or red light. WE must put the pieces together. I call it building an argument. The better the argument the better the trade idea.

The chart of DE Deere shows a breakout. Then it gives a clue, an inside day. But here's the key, it's not the breakout, it's not the inside day, IT'S THE COMBINATION OF THE TWO, that make the trade.

A breakout SHOULD follow through with another well-bid day (for a long). If it doesn't something is wrong. Buyers bailed out. An inside day after a breakout is confirmation that order flow vanished. Volume dried up.

If you're struggling… keep asking questions. Keep building a list of clues. Learn to read the tape.

Have a great day.


Pete Renzulli

Click Here to Leave a Comment Below 4 comments - November 2, 2020

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Trader - May 20, 2019

Please post more along these lines? It’s proven very helpful for people.

    Pete Renzulli - May 21, 2019

    thank you

    Dalia Bream - October 4, 2020

    Wonderful blog! I found it while surfing around on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thank you


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