Yen Widowmaker

Amazon reports: our verdict

Author

Fink Money
April 30, 2024 • Estimated Reading Time: 2 minutes

There have been two widowmaker trades in the past 2 weeks…

The first is Tesla.

And the second is what happened yesterday with yen…

📽️ Japan breaks

US wins

www.fink.money/p/japan-breaks

Have a watch of both videos, and drop me a reply with your thoughts.

The most important chart this week

This was the easiest selection so far…

Chinese manufacturing PMIs are now out of contractionary territory!

Why’s this important?

Well, if demand is coming for goods being made in China, it shows there’s some form of inflationary uplift occurring.

With US inflation numbers also beating expectations recently, you could argue this is a bad thing and a case for interest rates to remain higher for longer…

No fun for stocks or crypto in the short term perhaps!

What do we need to watch this week?

All eyes on Amazon today with an EPS expectation of 81c per share.

We are long Amazon as part of the AWS Cloud Computing play (subscribe to Fink VIP to view all of this in the Discord).

Will they, won’t they?

The other tech giants barring Tesla have done well…

Albeit Tesla is the one with the share price increasing so drastically post earnings!

Amazon is currently above its 20 daily moving average, but the key for a higher move will be how they describe the NEXT quarter, alongside any further developments on AI.

The narrative is not done yet, even though many are chirping away, thinking it’s a bit boring now…

Even more so when Amazon released this, this afternoon…

Bullish!