Amazon is Awesome

Wednesday, September 12, 2018

Upward Moving Market

Tesla appeared to have bottomed last week after their newly hired accountant left and Apple appeared to have a short term bottom last Thursday as it did not go below 217. This presented a huge opportunity to capitalize on this movement back up. I don't believe that Apple will react positively to the new iPhone announcement on Wednesday, but you could have made some nice profits from Thursday to Tuesday with Call Options. Apple could go higher and pass it's all time high recently established, but think it will be resistance first.

I took advantage of Boeing opening on Tuesday below 340 as it went to 337 and bounced off of it. Boeing moved up to 346 which made for nice profits in one day on Call Options.

Alphabet (GOOGL) opened lower Tuesday and dropped to 1166 where it bounced off and moved up to 1188 very quickly in the first hour of trading. Alphabet moved down while Amazon continued moving up. Alphabet bounced off 1180 to go higher and touched 1190. Those were 2 nice movements that could be profitable as this is what I call an up week for technology stocks as last week was down. 

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