NYSE OPENING UPDATE 🔰 FREE VIP SIGNAL
LONG EARLY NYSE TRADING
Amazon (AMZN) 🇺🇸 ⚠️ Elevated volatility; 3/5 position size
TP
@: 260.23
ALREADY TRIGGERED 📸Recommended Entry Range
257.20 - 258.00🔹 AMD (-0.7%) - opens somewhat lower after yesterday’s mixed session. I see AMD in a very good position for strong gains and consider the chipmaker attractive long term - although less attractive than NVDA, which is much better valued. Yesterday, we saw some rotation from AMD into NVDA. Ultimately, however, AMD should benefit from NVDA’s strong confirmation of the AI growth story and that demand for AI infrastructure continues to accelerate. We are tightening our TP
.👉 TP
@: 476.73 TP ALREADY TRIGGERED 🔹 Alphabet (+0.2%) - opens slightly higher. We have a tight TP (
: 342.29 | 339.19 GOOG) which may trigger in early NYSE trading. We found a strong entry in GOOG/L yesterday. TP ALREADY TRIGGERED 🔹 Intel (+1.5%) - is giving back some of yesterday’s very strong gains. Ahead of Warsh’s speech in Jackson Hole, we are generally seeing some profit taking in chip stocks. We are tightening our TP
slightly again for now, but after NVDA’s mega earnings report we still see further upside potential for chip and AI infrastructure stocks.👉 TP
@: 93.39 TP ALREADY TRIGGERED ► We are watching MRVL for an entry. The stock is opening more than 7% lower. The post-earnings dip already looks attractive for a medium-term investment. At the same time, we see some room for profit taking in CRM after yesterday’s 22.6% (!) surge. We are looking for an entry in CRM.
► We are buying AMZN, which was one of the few underperformers yesterday and closed more than 1.5% lower as capital rotated back into chip stocks and consumer stocks recently faced some weakness - even though AMZN is in reality now much more of a technology and cloud computing company than a e-commerce company. AMZN is opening near or slightly below 258.00, around 0.7% higher, and still has some room for further gains or stabilization. The tech giant has been in a bearish trend since its post-earnings surge. Evercore ISI continues to expect AMZN to “outperform” and raised its 12-month price target significantly from $315 to $355.
► We also like the outlook for more defensive sectors after yesterday’s underperformance - although performance was still positive, which was enough for our Dow to hit TP. Ahead of Warsh’s speech, we are generally seeing cautious trading as well as the typical Friday caution. We see upside potential for Wall Street next week and into the start of September.
► I already bought in pre-market near 257.00 + spread. You can definitely enter near or below 258.00 and therefore wait for a small correction.
Amazon (AMZN): Multiply your “standard (EUR/USD)” position size by approx. 90–100x (9,000%–10,000%) - 3/5 position size
position code / 100% Transparency - 26082803A
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We made a great NYSE opening / early NYSE trade with AMZN against the market and even ahead of Warsh's speech.
Also AMD, GOOG/L & INTC hit their TPs
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