Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

HAVE YOU EVER WANTED TO BUY AMAZON: NOW IS YOUR CHANCE

|Includes: Amazon.com, Inc. (AMZN)

 

CGTS TRADING SIGNALS: AMERICAN EXPRESS BUY SIGNAL
Jun. 20, 2016 11:33 PM ET
|
About: Amazon.com, Inc. (NASDAQ:AMZN), Includes: AXP

Michael Clark

Michael Clark Premium Research »
⊕Follow

Long/short equity, special situations, currencies

Send Message
|
Michael J. Clark

 

Here are today's trading signals for our VIX Trading System (designed to trade volatile stocks short-term). It looks like Europe wants to get bullish again, after weeks of bearishness.

OPENED      
       
VIX2 Short JPNL, Japan Bullish 37
       
VIX-SS Long GDAX, German Index 9962.02
VIX-SS Long FTSE, British Index 6204
VIX-SS Long FCHI, French CAC Index 4340.76
VIX-SS Long SLG, SL Green Realty 102.25
VIX-SS Long SINA, Sina Corp 49.26
VIX-SS Long GDDY, Go Daddy 32.37
VIX-SS Long AMZN, Amazon 714.01
VIX-SS Long EL, Estee Lauder 93.08
VIX-SS Long AXP, American Express 62.3

We keep saying we expect a NASDAQ rally. That makes us look at GDDY, Go Daddy, a stock we would not ordinarily like very much (like TWTR, FIT, etc.) but it does look good as a chart.

Amazon is expensive. But what not to like in this chart?

We showed you all AXP, American Express, as a monthly chart buy earlier today. It is also a daily stock trading buy.

The trend direction (top pane) in the daily chart is a bit tired. But with the monthly chart adding perspective, AXP should go higher.

Best trading.

MJC, CGTS

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Go Daddy.com is also a BUY SIGNAL.