Sunday, April 8, 2012

$AMZN chart and setup 4/9/2012

will be looking for a selloff on earnings which look to be on 24april..get the usual margins are low comments, etc. the first level ill be watching it pulling back to the 50day which is not far away. best case levels to shoot against for a new credit put spread would be to get under the december low at 168 ish, so will be eyeing a 160/165 credit spread. will revisit if stock moves up instead.