Friday, May 3, 2013

AMZN P/L / Rank / AMZN Charts

The P/L wasn't what I wanted, but my main mission is bigger than AMZN and it's becoming a distraction that needs to much baby sitting with short term charts going negative.




At the fill of $9.65, the AMZN Calls made +7.8%

Our Options Tracking Portfolio is now ranked number 1 for the month so we have obviously been making some good decisions at the right time because it sure isn't due to huge "Swinging for the fences" position sizes. For the week we are ranked #9, but we haven't been very active this week with new positions yet.




For weekly, our rank of #9 is out of 876 competing portfolios.

For our monthly our rank of #1 is out of 617 competing portfolios and this is not a model portfolio, just a tracking one to follow all positions taken.

As for AMZN charts...

 The 2 min has no confirmation, that seems like a pullback and I don't want to be in AMZN calls for a pullback

Same with the 5 min chart.

 The 15 min looks like there's plenty more to go, maybe we take a new position in AMZN after a pullback, maybe this chart crumbles.


The long term 60 min shows AMZN is not in any special place, heavy distribution sent it lower, as far as money flows out here, it's simply in line.

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