Amazon (AMZN) and Google (GOOGL) near the $1,000 mark

Amazon (AMZN) and Google (GOOGL) are set to join the $1000 per share club.

Amazon AMZN GOOGL $1000 stock price chart

We last spoke of AMZN and GOOGL in our late April roundup of leading tech stocks making new highs.

You can also check our 2013 post, "Amazon: Long-Term AMZN Charts and Thoughts", and revisit a time earlier in this bull market when the stock was trading near $350 a share.

One of my great errors of omission (failure to act) was in not purchasing AMZN shares after writing this post. The share price continued to climb steadily (in fact, it has since tripled), confirming all the basic factors (retail dominance, AWS growth) laid out at that time.

Now, I am slowly retraining myself to act on my analysis, even when it comes to buying very "high-priced" shares such as AMZN, PCLN, etc. As I remind myself lately, you don't need to take on a very large position, just buy a few shares and participate in the uptrend.

Nasdaq credit rating junked.

S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .

Jesse Livermore: How to Trade in Stocks (1940 Ed. E-book)

If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and...

Finance Trends 2019 Mid-Year Markets Review

Email subscribers of the Finance Trends Newsletter receive the first look at new articles and market updates, such as the following piece, sent out to our email list on Sunday (6/14). Hello and welcome, everyone! If you received our last email notice over the July 4th holiday, you'll know that this weekend's newsletter will serve as a mid-year market update and a follow-up to issue #29, " How to Reinvest in a Rising Market ". Ladies and gentlemen, without further ado, let's start the show... Finance Trends Newsletter: Our Mid-Year Market Review When we last spoke, back in February, the U.S. stock market was rallying off its December-January lows. As the S&P 500 and Nasdaq reclaimed their 200 day moving averages in February and March, it became increasingly apparent that a lot of retail investors (and perhaps some institutional investors) were left under-invested while watching this recovery move from the sidelines. The U.S. stock ...

Finance Trends Letter

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