AAPL, AMZN and GOOG Forecast – Major Tech Stocks Await Earnings and Surf Headlines

Apple Technical Analysis

Apple looks like it is going to be pretty much where it left off during the previous session as we sit just above the 200-day EMA. This is an area that I do find somewhat interesting, but I need to see some type of risk-on behavior to start buying stocks in general. This is a market also that I think has potential to go much higher over the longer term, but there was a downgrade by Citigroup due to the input cost of memory from 330 to 315.

Even if that were to come to fruition, that is still a sizable gain from here. We are also testing the 38.2% Fibonacci retracement level, so that might be worth watching as well. Again, a bounce to me is something that is very interesting.

Amazon Technical Analysis

Amazon looks like it is going to be a little bit softer at the open during the trading session, as we are now between the 50-day EMA and the 200-day EMA. This is a market that I think probably just grinds back and forth, and much like Apple does, Amazon has an earnings call here in the next week or so, and that obviously will have a major influence on where we go next.

Right now, the markets are being knocked around by the headlines with Greenland and tariffs, so I wouldn’t read too much into the negativity in any particular company. Quite frankly, I think this is just a market-wide phenomenon.

Google Technical Analysis

Google looks like it is probably going to drop a bit as well, but quite frankly, we are pretty close to the highs. I look at this as a potential buying opportunity and would be watching the 50-day EMA near the $307.76 level, possibly even above there. The $290.00 level underneath that level has been important multiple times in the past as well, so I think we’ve got a situation where we will be buyers of dips.

But again, this is more about the macroeconomic noise and geopolitics than anything else. This generally offers a lot of opportunity, though, unless of course you think the United States and Denmark, France are all going to get into a hot war. Most of this is nonsense that will blow over if you are careful and patient about dipping your toe into a position on a drop and a bounce. Most of the time, these things pay off quite nicely.

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