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Nflxlong

MSFT and Big Tech start the next move up? EARNINGS & ELECTIONBig Tech companies are looking really interesting, there is a lot of upside potential in the market and we could see the tech moves really help the rest of the market push up in terms of overall ETF indices. We have seen the lag of a lot of companies in the S&P 500 but this could be the return to value after the 15-20% drop in big tech. We have seen multiple head and shoulders patterns form on tech across the board. The FAANG and MSFT. However, we are in an interesting and turbulent time right now. We are coming into a period where naturally we see increased volatility and the potential for anything to happen. However the closer we get to this debate, the more bullish it looks, the outcome of it will bring uncertainty but I feel that they may be priced into the market. It's well known that the president won't be known for weeks or months after and the market hasn't reacted poorly. The only bearish reaction was that Trump announced no stimulus until after the election. We'll see if his hand gets forced. The Federal Reserve is also talking about perma stimulus that they will have to navigate through. Or at least high dovishness. Meaning that big tech, for the most part and MSFT are stuck here, complacent without a real trend waiting to see what happens. There is potential for the upside as we are moving along and we are creating higher lows on all but 2 massive tech companies. With the potential of the S&P 500 and the big tech stocks to break their most recent tops, we could see that bull side open up and all-time highs get hit. The deciding level to the downside is around each stock's 100-day moving average, most of which are well away from that now and making ground to the bull side. We also have earnings season coming up, there are limited if any expectations for a lot of companies out there, with minimal forward guidance. Meaning any positive number looks like a beat considering last quarters' extremely negative GDP number. Even slight beats in earnings will help the upside in these companies. This does not constitute investment advice, or trading advice this post is for educational purposes only.
NASDAQ:MSFTLong
by TRADEPROAcademy
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