20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Amazon.Com, Inc's (NASDAQ:AMZN) U.S. consumers spent $6.4 billion online in the first 24 hours of its Prime Day, up by 6% year-on-year.
Consumer spending fell short of estimates, Bloomberg cites Adobe Inc (NASDAQ: ADBE).
The 48-hour event, which marked its ninth year, began Tuesday and runs through Wednesday.
As of 8 a.m, New York time, the average order size was $56.64, up 7% Y/Y, Numerator said Wednesday, Bloomberg writes.
Home goods and household essentials were the best-selling categories. Adobe said buy now, pay later services accounted for about 6% of orders, up almost 20% from 2022.
Adobe and Insider Intelligence previously estimated the Y/Y sales to rise between 9.5% - 11%.
Amazon launched Prime Day in 2015 to tap new subscribers hunting for discounts. About 167 million Amazon shoppers in the U.S. had Prime memberships as of March, unchanged Y/Y.
The company launched its 2023 Prime Day extravaganza offering deeper discounts on a wide range of goods and services, including its first-ever travel discounts.
Price Action: AMZN shares traded higher by 0.92% at $129.27 on the last check Wednesday.
Photo via wikimedia Commons
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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