Fears of a more aggressive Fed on monetary policy have grown since reading the minutes of the December 14-15 meeting, which show that there is open talk of a rate hike “sooner and faster” than expected within the US central bank to combat galloping inflation and favour a more balanced and long-lived economic recovery. This scenario mainly disadvantages the tech / growth sectors. Yesterday, the Treasury yield missed the 1.78% break, which could trigger a rebound for tech if it falls. But we believe this resistance is set to be broken in the short term and this should bring back tech volatility
Amazon.com [AMZN.N], now at $3,245 (+0.5%) in pre-trading, is part of a very long-term uptrend, which actually started since its listing. However, prices have been consolidating since July 2020, despite having repeatedly hit marginal new records. The graphical picture both in absolute and relative terms suggests the continuation of the status quo, that is, with price fluctuations within the $2,900/$3,000 – $3,500/$3,800 band. The short-term trend has been downward for a few weeks. There are signs of deterioration below $2,870. Yesterday’s hammer should show some rebound if confirmed at the close today (i.e. with a higher close than yesterday), but it might not change the current bearish trend.
We recommend going SHORT on the stock and above all on any ideas towards $3,500/$3,600 by buying the Leverage Shares Amazon -1x ETP (ISIN: IE00BKT66S86), with a short-term target towards for short term target towards $3,200/$3,100 and later at $3,000/$2,900. Alert/stop loss should be above $3,800 (closing daily).
The information provided by Websim, a division of Intermonte SIM, a company authorised by CONSOB to provide investment services and registered in the Italian SIM under no. 246, are obtained from sources deemed reliable (of which the company is not able to guarantee the absolute completeness and accuracy) and in any case, if there are doubts about their reliability, this will be clearly indicated. The main purpose of the site is to provide a set of updated and accurate information, studies and analyses in compliance with the provisions of the “recommendations” in current legislation and does not represent a “solicitation to invest” pursuant to art. 1, paragraph 1, lett. t) of Legislative Decree 58/1998.
Sandeep joined Leverage Shares in September 2020. He leads research on existing and new product lines, asset classes, and strategies, with special emphasis on analysis of recent events and developments.
Sandeep has longstanding experience with financial markets. Starting with a Chicago-based hedge fund as a financial engineer, his career has spanned a variety of domains and organizations over a course of 8 years – from Barclays Capital’s Prime Services Division to (most recently) Nasdaq’s Index Research Team.
Sandeep holds an M.S. in Finance as well as an MBA from Illinois Institute of Technology Chicago.
Violeta joined Leverage Shares in September 2022. She is responsible for conducting technical analysis, macro and equity research, providing valuable insights to help shape investment strategies for clients.
Prior to joining LS, Violeta worked at several high-profile investment firms in Australia, such as Tollhurst and Morgans Financial where she spent the past 12 years of her career.
Violeta is a certified market technician from the Australian Technical Analysts Association and holds a Post Graduate Diploma of Applied Finance and Investment from Kaplan Professional (FINSIA), Australia, where she was a lecturer for a number of years.
Julian joined Leverage Shares in 2018 as part of the company’s primary expansion in Eastern Europe. He is responsible for web content and raising brand awareness.
Julian has been academically involved with economics, psychology, sociology, European politics & linguistics. He has experience in business development and marketing through business ventures of his own.
For Julian, Leverage Shares is an innovator in the field of finance & fintech, and he always looks forward with excitement to share the next big news with investors in the UK & Europe.
Oktay joined Leverage Shares in late 2019. He is responsible for driving business growth by maintaining key relationships and developing sales activity across English-speaking markets.
He joined Leverage Shares from UniCredit, where he was a corporate relationship manager for multinationals. His previous experience is in corporate finance and fund administration at firms like IBM Bulgaria and DeGiro / FundShare.
Oktay holds a BA in Finance & Accounting and a post-graduate certificate in Entrepreneurship from Babson College. He is also a CFA charterholder.
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