Week in review: MSFT, AMZN, JPM

• Market Movers Last Week: Last week, we noted Microsoft, JP Morgan, and Amazon as price movers.

• Microsoft’s Price Movement: Increased on Wednesday due to consumer price index data, then decreased on Thursday and Friday due to producer price index data. Traders pulled off the rally after it filled the nearby fair value gap.

• Amazon’s Price Movement: The price had a bit of a rough start to the week, with a few small drops on Monday and Tuesday. But then, the CPI came along and gave it a little boost on Wednesday. The rest of the week was pretty much the same, with a few more modest drops.

• JP Morgan’s Price Movement: JP Morgan’s strategy for this week took an unexpected turn. It looks like the price gap on November 6th needed some attention. The price completed the second bearish leg, which might have also seemed like a measured move from the first leg.

Have a great weekend Traders. Cheers.

Don’t trade what you believe should be happening, only trade what is happening even if it seems impossible. 
— Al Brooks

I am not a professional investment adviser and my opinions are based on my own technical analysis. Please consult an investment professional before making investment decisions.

Do your due diligence if or when placing a trade. All ideas stated here are my own and do not represent trading or investment advice.