The Magnificent 7 Show A Change In Character
We reviewed AAPL, AMZN, GOOGL, META, MSFT, NVDA, TSLA & MAGS.
The Magnificent Seven are looking strong pre-market and at the open because of the China trade deal this past weekend.
Let’s see if they prove that they are changing their character.
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Apple · AAPL
AAPL gapped up and got over the downward trend line.
If it holds, it will be at the 50-day moving average.
We want to see it get above and stay above the 50-day.
Amazon · AMZN
AMZN gapped above the 200-day moving average.
It broke above the 50-day on Thursday.
It had already gotten above the downward trend lines a couple weeks ago.
Google · GOOGL
GOOGL looks like it’s trying to recover from its harsh earnings reaction.
We shared this “buy the bounce after the dip” last week.
Meta Platforms · META
META was already in the buy zone, but the gap up this morning confirms it.
We shared this buy opportunity after earnings and a second time after that.
Meta, CoreWeave & Neurocrine Biosciences Present Buy Opportunities
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Microsoft · MSFT
MSFT had a good earnings reaction, but rests after it.
Now it’s on the move again.
We shared this buy opportunity after earnings.
Nvidia · NVDA
NVDA is attempting to break the downward trend line.
Tesla · TSLA
TSLA showed a buy signal on Friday after breaking above the downward trend line the week before.
Now it is confirming that with a gap up.
Magnificent Seven ETF · MAGs
MAGS tracks the seven stocks.
It’s gotten above the previous high price.
It still needs work to break the downtrend but it’s working its way up.
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Disclaimer: The author is not a financial advisor. The information provided herein is not financial advice and should not be construed as such. This content is intended solely for educational purposes. The author will not be held liable if you decide to used this material as a basis for any financial decision-making. Investing involves risk, including the potential loss of your invested capital. Only invest what you are willing and able to lose.