All right welcome back everybody we're going to recap the video from last week on amazon, and this may be my most unpopular video ever. But that means that i am lead trading with stocks, trade, tim bowen. Let's talk about amazon. We will link last week's video below definitely check that out for some context or maybe already watch it.

Hopefully, i already watch it hopefully you're watching every one of these videos and you're sharing with your friends, i mean listen, everyone out there: okay s, p 500. Breaking 390 this morning, everyone every idiot on tv, every mainstream media clown, jim cramer saying the world is ending. Meanwhile, we got stocks like aerc exploding, c-o-g-t rdbx, i mean this week. It has been the wildest week in penny stock, low flow momentum in like three months.

Every meanwhile, all these idiots are talking about the world, any speaking of idiots. They all told you a week ago to buy amazon in advance of the split and i'm telling you the reason. This is my most unpopular. Video it'll probably get like three vote likes and ten views is.

You know i joke about spiking the football. I always try and not do that and then i took you know the somebody actually sent me a shirt and the quote is i'm not here to spike the football, but i'm going to spike the football and let's get my name under it anyway. The point i'm making is, i want to review it because everyone that bought in advance of the split right here all last week now this is the post split price. Remember, amazon was trading roughly 2520 for one split, so basically it closed last week on friday at 125, ish.

Okay, here we are at 109 and i do not want to. I don't want to hear it. Okay, don't give me this? Oh, it's because the overall market - it's not okay, yes, the s p, isn't helping amazon. Obviously, google's down apple's down real stocks are down this week.

This is 10, the overall market and it's 90 people not being educated and following the herd following clueless talking, heads that aren't out here every single day trying to help you, okay, they don't care about you. Nobody on cnbc cares about you. Nobody at business insider cares about you, none of nobody at fox business. None of them cared what they care about, is selling ads for toothpaste and prescription drugs and booze and cigarettes, and everything else.

That's bad for you, you're, probably better off with the prescription, drugs, booze and cigarettes than you are watching their crap. That being said, i'm here every morning, stocks, trade, advisory click, the link, giving you the read of the day. Today, aerc we talked about a break at 10, it went to 14. rdbx.

We talked about a break of 11., it went to like 14 plus two. I mean these. I'm doing that, for you guys not trying to bag in these crowded herd. Terrible ideas understand the mechanics of the split.

What does the split do? All it does is increase the amount, the size of the float and lower the price of the stock. Nothing fundamentally changed in amazon. They didn't release a new product, they didn't make prime better. They didn't, you know, create some new streaming service or make aws better or any of these things that they crush nothing changed last week, except for fools were led into a crowded trade, and i tried to save you and if you listen to that video, you didn't Get bagged and you're not down 15 bucks a share all right now.

What you're gon na yell at us for 20 minutes tim or you're gon na tell us what to do now. Number one cut your bag, okay, which, of course, if you didn't do that in five days, there's no hope for you. I mean no offense. If you didn't sell amazon monday, tuesday, wednesday, thursday, friday, five red days, okay, sell your bag.

Now, if you did listen, how are we gon na approach? I'm actually excited for next week in amazon? Now that the anger is out um, the nice thing is we got this nice little base here to trade off of so, if you look right here, a lot of basing right in that 108 109 area, which is right where we closed this morning, so i expect Trend to reverse next week now i want you the what i love about this setup is you've, got very clear area of risk and that's what's great about waiting for the chart to develop. So now what we're going to be looking at - and this goes next week actually next few weeks - okay, if the bottom isn't in let this thing fade away. But what i like about this is: we can now risk 52-week lows: okay, so you basically 104, i'm gon na round to 104 as 52-week lows and the reason i get so excited about that as an area of risk is to me it's a very clear area To focus your stop on now, i say that because one of the biggest newer problems biggest things newer traders struggle with when to stop out when to stop out when to stop out okay, you can justify you know, there's something i talk about all the time. Listen people can talk themselves into anything humans.

Have the ability to convince themselves of anything mass murderers talk themselves into thinking that they're good guys, hey, i'm helping people out. You know. Meanwhile, i'm axing some guy in the head all right, so people can convince themselves of anything, but if you have discipline and the ability to base off of the chart, you look at that area like i do and you're like listen. If i buy 109 110 - and i look for that gap to fill - which i think amazon will fill that gap up in that 140 area um - you can see so that's also a key level so basically 140, 140 and 104 - i'm what i'm looking at so, but But listen if it doesn't work.

If the idea does not work and you take that red to green entry next week, 110 111 after it bases, and then you do not stop as i go up that red line i just drew went over onto my speaking of max murder, did you notice? That's a carpet from the shiny reference uh anyway, if you don't stop out at 104 you're an idiot, sorry, okay, i know i'm extra aggro i've had probably too much coffee, but what's great about risking 52 week, lows is who holds a stock when who holds a Stock when it breaks support that is also 52 week lows. Bag holders fools clowns, people that can never ever make money in the stock market. That's who holds so. I love that as an area of risk, we're going to key off of 104 for our risk.

We're going to look at 110 um week, open ready greens into next week for an entry and then, ideally, we fill that gap up to 140.. Okay, stick to the plan! If 110 comes it collapses through 140, you stop out you move on. You lose six bucks. A share, but i look, i think again, i, like the odds of this filling that gap it'll take a while.

Okay understand this is not a day trade. Okay. So if you're looking to day trade amazon, not really the best stock, i mean huge market cap. I mean this is depending on the day this apple they're.

You know the one number one number two biggest market cap stocks understand when i say fill the gap to 140. I'm not saying in two days. This is a swing. Okay, probably gon na take a couple months, but i think it's a high risk reward and a good setup, and the great thing is now: you can profit from the fools.

Okay, the tv watchers, don't watch tv, throw that thing out the window read books or watch. My youtube so anyway have a great day. My friends we shook them out. I think this week scared out the clowns and love love, love, love, amazon for a swing.

Trade going forward have a great week hope to see on stock straight advisory, hit that link below i'm live every day. 8. 30 eastern. You know going over stock.

All the volatile stocks of the day, like the aercs, the rdbxs, the ceo gts, which were the best stocks this week, have a great day my friends.