Tag Archives: stock market

TRENDS Monthly – October 2019

A new TRENDS Monthly report is now available.

TRENDS Monthly - October 2019

The TRENDS Monthly report is available from: Invysis.com.

About: In TRENDS Monthly I combine technical analysis with relative rotation graph analysis and macroeconomic analysis to identify stocks within the S&P 500 that show potential to outperform the S&P 500 benchmark.

And just as important, in the TRENDS reports I also identify when the outperforming stocks may have peaked and in turn may start or have started to underperform the S&P 500 benchmark.

Amazon Trend Lines | 21st November, 2017

Unlike Google, Amazon does not have a neat a trend line.

AMZN 2017
Click chart to enlarge.

The solid yellow trend line is Amazon’s equivalent to the Google Forever trend line. The bottom line is that we should assume that Amazon remains in a bull market while price remains above this trend line.

The more recent red channel is an attempt to show where price is more recently finding support and may find resistance.

Note that during this bull market volume has shown a fairly steady decline, at least since January 2009 and probably before that. A bull market which is rising on light and declining volume is unsustainable, theoretically. The fact though is that Amazon has been rising on declining volume for years now.

This decline in volume may indicate that eventually when a high is found the next bear market may be very fast indeed. There would be very little support below to halt a fall in price because volume is so light.

Published @ 01:03 p.m. EST.