AAPL, AMZN and GOOG Forecast – Major US Stocks Look to Rally

AAPL Technical Analysis

Apple looks like it is going to be a little bit positive in early trading on Friday in a market that has been consolidating for a moment here. This is a market that will also see a little bit less volume, as we are more likely than not going to see most traders staying home until Monday, so keep that in mind. But I think this is a very positive stock that more likely than not will continue to attract inflows, as we are simply grinding away some of the momentum that we had built up over the last couple of months. Pullbacks should continue to offer opportunities here.

AMZN Technical Analysis

Amazon looks like it is going to be a bit positive as well, perhaps trying to make a move toward that crucial $240 level that has been like a barrier for some time. If we can break that, it opens up the possibility of moving to $260. Pullbacks at this point in time should continue to be buying opportunities with the 50-day EMA underneath, offering support right along with the 200-day EMA, which is now at the $220.56 level and rising. All things being equal, I think this is a positive-looking market.

GOOG Technical Analysis

Google looks like it will be a little bit positive as well, as we are flagging. It almost looks like a bullish flag from a longer-term perspective. Regardless, this is a market that has done quite well with the AI race definitely working out in its favor as of late. The 50-day EMA down at the $296 region rising should offer a bit of technical support as well.

I do think ultimately this remains a buy-on-the-dip stock. I think it just continues to look bullish, and I think a lot of traders continue to put money into this market. This will be especially interesting next week once we get full volume, but there is really nothing on this chart that has me concerned about momentum or directionality. I remain bullish.

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