Friday's close is all that matters to the manipulators. I don't think they would want to see a close below $375 tomorrow. That would be a $5 drop from last week.
The down trend does seem to have started. The past two weeks have closed at $380 and it looks as if this week will close at $377.50 or $375. By taking it down before the report they avoid a catastrophic drop that might start a panic sell off and they make money selling worthless call options all the way down.
Amazon is not manipulated it just happened to land exactly at $380 today. Not even a penny off. Clearly a coincidence that call options above that level were very heavy.
Your guess is probably as good as the 34 analysts that follow Amazon. They range from a $.35 profit to a $.56 loss with an overall average of $.11 loss. We will just have to wait and see. This time I am not placing my bet before the announcement.
I think you may have been standing on your head when you watched that video. $100 I far more likely than $1,000.
Institutions make so much income on the AMZN weekly options they don't need to worry about no income or dividends on the stock. They sell covered calls to a vast pool of "greater fools" and pocket the income by selling off enough to close low on Friday. Of course it isn't quite that simple. Sometimes they buy to close high in order to collect from those who bought puts. But every week they make a nice income.
Excellent observation. The OBV (On Balance Volume) indicator has just turned bearish.
Bezos has billions and is well versed in stock manipulation. You don't suppose he is part of the "secret guard" do you?
You are a bit late to the game but have a 68% chance of making a 3% gain according to my calculations. Buy out of the money puts for insurance against a sudden drop. This is a manipulated stock and only the manipulators know where it is going. Usually there is a big drop right after the Earnings Report but last time they moved it up over $70 so far. Next earnings report is near the end of April.
3 Higher highs and lows
Relative Strength Index
Moving average convergence/Divergence
Moving average 10 day
Rate of change
I don't put much faith in any of them singularly because they are constantly changing. For example the Stochastic and high low indicators have both turned bearish just since jackthomas posted a little over two hours ago. Also each indicator is capable of all different ways of calculating. The Relative Strength indicator I use is based on two weeks and is probably unreliable on a manipulated stock like AMZN.
It is still too early to short. All eight of the technical indicators that I use are still bullish. Wait until at least one of them turns down.
It wouldn't surprise me if they take it even higher tomorrow but I am not betting on it. $385 would be higher than last Friday's close and the manipulators have sold over 10,000 call contracts today that expire worthless above that level.
The way the manipulators lure suckers in is fascinating to watch. Seems like they come up with new tricks every week. This week the run up is on Wednesday instead of Friday. Last week it was on Thursday. At any time they may drop the bottom out just by selling. It is almost like Las Vegas except not as well regulated.