Amazon is ‘knocking on the door’ for a breakout to $1,500, says trader

By Annie Pei, CNBC Amazon is just one click away from crossing $1,500, says TradingAnalysis.com founder Todd Gordon. Shares of the online retailer are up 25 percent this year and trading just 1 percent below the next round-number milestone. The trader sees two bullish signs in charts of Amazon that lead him to believe a big bounce is ahead for...

Weekly Market Outlook – Time to Play the Waiting Game

Following through just as scripted on the reversal bar from two Fridays ago, the market rallied quite nicely last week. When all was said and done, the S&P 500 gained 4.3% last week, following one of the most bearish weeks we've seen in years. And yet, the effort didn't get the market back above the most important hurdle the bulls...

Weekly Market Outlook – Time to Play the Waiting Game

Following through just as scripted on the reversal bar from two Fridays ago, the market rallied quite nicely last week. When all was said and done, the S&P 500 gained 4.3% last week, following one of the most bearish weeks we've seen in years. And yet, the effort didn't get the market back above the most important hurdle the bulls...

2 Things Wrong With This Recovery Effort So Far

To the average, unsuspecting trader, this week's rebound from last week's rout might look like the typical beginning of a recovery after a typical (albeit shocking) correction. It happens. And, maybe that's exactly what this will end up being. There are a couple of red flags waving, however, suggesting the bulls may not want to count their chickens before they're...

2 Things Wrong With This Recovery Effort So Far

To the average, unsuspecting trader, this week's rebound from last week's rout might look like the typical beginning of a recovery after a typical (albeit shocking) correction. It happens. And, maybe that's exactly what this will end up being. There are a couple of red flags waving, however, suggesting the bulls may not want to count their chickens before they're...

FANG gets its bite back – but there’s one name that could sit out the rally

By Annie Pei, CNBC FANG stocks are getting their bite back, but there's one name that sat out the rally on Thursday – Facebook. While shares of Amazon, Netflix and Alphabet were sharply in the green Thursday afternoon, Facebook shares were struggling to stay afloat. TradingAnalysis.com founder Todd Gordon says the technical setup for the social giant is weak. Gordon...
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