Large Players Volume Surging Higher In Amazon Stock

The large players volume is surging higher in Amazon stock making for a great swing long entry which is why I am long Amazon in my personal trading account.

Amazon Stock Chart

Amazon stock chart

That’s a beautiful positive divergence between the large players volume and the price of Amazon stock. Clearly large players are accumulating Amazon when it pulls back. The Twiggs Money Flow supports the thesis that Amazon stock is under accumulation.

There is a resistance zone just above the current price starting at $979.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at $973.6, a stop order could be placed below this zone. Remember to review the lesson on stop orders here.

November and December are seasonally very strong months of the year for Amazon. This is the market prediction for Amazon stock:

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Iamgold At 38.2% Fibonacci Retracement Level

Iamgold has pulled back to its 38.2% Fibonacci Retracement level. Personally I’m not very good at swing trading gold and silver but I wanted to make you aware of the Fibonacci Retracement setup. I did a stock trading lesson on Fibonacci Retracements here.

Iamgold Corporation is a Toronto-based international gold producer that has an annual production of approximately 800,000 ounces of gold from operations in North America, South America, and West Africa.

Iamgold

Iamgold

A pullback is taking place, which may present an opportunity for an entry off the 38.2% retracement level. There is a very little resistance above the current price.

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USANA Health Sciences Positive Divergence On Large Players Volume

USANA Health Sciences’ stock has formed a positive divergence on large players volume. The price action has faded over the last couple of weeks into what could be a bullish flag channel. I bought some USANA Health Sciences in my personal trading account this morning.

The 3 month change in institutional ownership is +8.02% which suggests institutional traders are accumulating this stock.

Creative Planning increased its stake in USANA Health Sciences by a whopping 528% in Q2. Victory Capital increased its stake in USANA by 124.7% in Q1. Eqis Capital acquired a new position in USANA in the Q2 worth $210,000. Nine Chapters Capital acquired a new position in USANA in Q1 worth $207,000. KCG Holdings Inc. acquired a new position in USANA in Q1 worth $248,000. Institutional investors and hedge funds own 46.3% of the company’s stock.

On August 18, 2017, USANA announced that it would expand in four European countries beginning mid-year 2018. These four new markets constitute of Romania, Germany, Italy, and Spain.

USANA Health Sciences was recently honored by inclusion in Utah Business Magazine’s Fast 50 list. This year marks the 10th consecutive time the company has made the list of fastest growing companies in Utah. USANA finished ranked number 49 on the list.

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Facebook Stock Swing Long On Rising Twiggs Money Flow

Facebook stock looks like a compelling swing long trade on a rising Twiggs Money Flow. Large players volume is also rising.

Facebook will likely spend over a billion dollars on content production. The company has recently launched ‘Watch’ a new subsection on its website for viewing videos. Facebook is moving to capitalize on shifting ad dollars as ad dollars shift away from TV. For the first time, ad spending on digital surpassed TV ad spending last year. You can see Facebook Watch in action here.

Facebook Stock

Facebook stock swing long entry on rising Twiggs Money Flow and large players volume.

The chart of Facebook shows a good setup pattern on rising Twiggs Money Flow and large players volume. Recently a Pocket Pivot signal was observed. Prices have been consolidating lately setting up a momentum squeeze play:

Momentum squeeze in Facebook stock.

Facebook stock has a resistance zone just above the current price starting at $173.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at $171.03, a stop order could be placed below this zone.

Amazon Stock Twiggs Money Flow Breaks Positive

The Twiggs Money Flow on Amazon stock has broken above the zero line and has gone positive for the first time since August 7, 2017.

Amazon just rolled out Amazon Fresh in my area of Fresno, California. I signed up for the 14-day trial for Amazon Fresh and immediately canceled it because of the poor delivery times. On Saturday, I ordered 4 peaches, and a bag of shredded mild cheddar cheese. Amazon Fresh said they could not deliver it until Tuesday, LOL. I cancelled and told them I’ll just go to the grocery store myself and pick up these items in like a hour. If Amazon Fresh is going to be successful, they have to get delivery times down to same-day and at most, one day later. If they can’t do that they might as well close down their Amazon Fresh website because only the elderly and disabled are going to be willing to wait 3 or more days for their groceries to be delivered.

I think Amazon is poorly executing on their Amazon Fresh division. Amazon Fresh wasted about an hour of my time when you include the time it took me to order and then to cancel my order as well as my Amazon Fresh trial. I won’t try Amazon Fresh again for a long time. Maybe I’ll never try it again. That’s the cold hard reality of retail: first impressions are everything. Amazon has blown it in their roll out of Amazon Fresh by promising too much and then not delivering. Still, if any company can turn this around it’s Amazon.

MKM Partners recently gave Amazon a target price of $3,330 which you can read about here.

I’ve been trading in and out of Amazon stock for about a month now and it’s been a great stock to swing trade.

Amazon Stock

Amazon stock looks strong.

That’s a good basing pattern and perhaps even an inverted Head and Shoulders pattern. The 50 day moving average (blue line) is setting up a possible breakout play. Here is a swing trading lesson on breakout chart patterns.

In addition to the Twiggs Money Flow going positive, the Effective Volume study shows large players volume is still in an uptrend.

Prices have been consolidating lately forming a momentum squeeze on the chart:

stocks-to-watch amzn chart 1100x823 - Amazon Stock Twiggs Money Flow Breaks Positive

The TSI is holding its buy signal cross from August 30, 2017.

There is very little resistance above the current price. There is a support zone below the current price at $972.24, a stop order could be placed below this zone.

PowerShares DB Crude Oil Double Short Play As Summer Ends

Large players volume is surging higher in the PowerShares DB Crude Oil Double Short ETN DTO. This is the seasonally weak time of the year for oil as the summer driving season comes to an end and demand for oil drops. Short sellers often target oil at this time of year.

PowerShares DB Crude Oil Double Short ETN

PowerShares DB Crude Oil Double Short ETN

The surge in large players volume and the positive Twiggs Money Flow suggests the seasonal short oil trade is on for 2017. Playing the seasonally weak time of year by shorting oil is a bit more risky this year due to the increased probability that hurricanes will disrupt oil production in the Gulf of Mexico.

Oconee Federal Financial Stock Heavy Institutional Buying

The stock of Oconee Federal Financial stock is seeing heavy institutional trader accumulation. The three-month change in institutional ownership is a whopping +21.6%.

Oconee Federal continues to earn Bauer Financial’s 5-Star Superior Rating. This rating means Oconee Federal is among the strongest financial institutions in the country. You can find out more about Oconee Federal Financial here.

The problem I have with this stock is that I can’t identify the catalyst that is driving it higher. I talk about the importance of identifying catalysts in this lesson.

Oconee Federal Financial Stock

Oconee Federal Financial stock

The stock is thinly traded with an average volume of about 2.8K so you have to be careful trading this stock. The Effective Volume study shows that large players are accumulating the stock which supports the increase in institutional ownership. The Twiggs Money Flow is positive which also supports the idea that this stock is being accumulated.

I see this stock as a short term swing trade with the goal of a 5% profit then get out quickly. I like the clearly defined stop loss level of $26.50 in case the trade goes against us.

Vipshop Stock Rising Large Players Volume

Vipshop stock has been consolidating while the large players volume has been rising. This positive divergence is why I went long Vipshop stock this morning.

Vipshop has lost market-share to Alibaba and JD.com but its last earnings report wasn’t that bad.

Vipshop’s total net revenue increased by 30.3% to RMB17.52 billion (US$2.58 billion) for Q2 2017 compared with net revenue of RMB13.44 billion in Q2 2016, primarily driven by the growth in the number of total active customers, repeat customers, and total orders. The Company’s revenue number fell short of analysts’ estimates of $2.60 billion.

Vipshop’s number of active customers for Q2 2017 increased by 22% to 28.1 million YOY. The Company’s total active customers for the trailing twelve months ended June 30, 2017, reached 58.8 million, representing a 32% YOY increase. For Q2 2017, Vipshop’s total orders had increased by 23% to 84.8 million YOY.

Vipshop’s current forward P/E of 10.4 times 2018 earnings could make the company a potential acquisition target.

Vipshop Stock

Vipshop stock

VIPS has a good setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at $9.13, a stop order could be placed below this zone. We notice that large players showed an interest for VIPS in the last couple of days, which is a good sign.