Flash Alert – Taking $4800 Profit on Amazon as Wild Wednesday Unfolds

We got out just in time.

Our Sell stop on Rainy Day Portfolio component Amazon.com was triggered yesterday, delivering nearly $5000 profit over six months. This morning’s volatility has also delivered other changes to both the Trend Trade and Rainy Day portfolio. More on this just below. Here are the Amazon results.

• SOLD - Amazon.com (AMZN). Bought 8/16/2024: $177. SOLD 2/18/25: $225. Return for this trade: $4800/100 shares (27.11%).

Image courtesy of https://images-global.nhst.tech/

Market Update

This morning’s news driven market continues to evolve. But at the top of the headlines was Walmart’s (WMT) poor future guidance for 2025 which came in below analyst expectations. Walmart did not offer negative comments, but the implications for the economy of a slowdown in its sales are suggestive of an overall economic slowing. More on Walmart, one of our holdings, in the Paid section.

Walmart’s unenthusiastic expectations filtered to the bond market, where the U.S. Ten Year Note yield (TNX) is again flirting with a break below 4.5%, where its found support lately. A sustained move below 4.5% could have widespread effects on multiple sectors of the economy, such as housing, utilities, and financial stocks.

Meanwhile, even though the major indexes have decreased somewhat aggressively this morning, the New York Stock Exchange Advance Decline line (NYAD) has remained resilient, holding above its 20 and 50-day moving averages. This is reassuring until it changes.

More details about Walmart and two technology stocks in our portfolio which are holding up quite nicely just below.

For a quick and easy summary of our current Weekender positions, visit the updated EZ Vue Weekender Page. The page has been updated this morning.

Thanks to everyone for your ongoing support. I really appreciate it.

Thanks also to all the current Buy Me a Coffee members and supporters. Special shout out to new members who now have access to the Sector Selector ETF Service, included, at no extra charge with your Buy Me a Coffee membership. Two new trades were posted yesterday.

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