AAPL Technical Analysis
The market for Apple looks a little bit sluggish. And at this point, I think you’ve got a scenario where Apple might pull back just a little bit, but I also recognize that this is a very bullish market that recently has broken pretty significant support and resistance areas, and now is well above the crucial $25 region, which should have really kept this market down.
So, I do believe it’s probably only a matter of time before we go higher. The 50-day EMA is starting to race towards the 200-day EMA, getting ready to cross and causing the golden cross to kick off. So, I am bullish. I would look at drops in price as an opportunity.
AMZN Technical Analysis
Amazon looks like it’s going to drop a little bit. We’ve basically filled the gap since a couple of weeks ago. It wouldn’t surprise me at all to see that traders will be interested in picking up Amazon after this drop of about $5. I think it’s probably going to move with the overall market as well. The market looks a little sluggish, so I think it makes a certain amount of sense that the big ones, Amazon included, struggle a little while the overall market takes a bit of a breather after the monster run that we’ve had over the last several months.
GOOGL Technical Analysis
Google looks like it might actually open a little bit higher, which is interesting because we are approaching a major swing high from back in February of 2025. So, the question is, can we get above there? I think we can. I just don’t know if we will do it right this second. We have been grinding higher for a while. I think this is more of a buy on the dip market as well, offering value on those dips because let’s be honest here, most retirement funds and most passive investors all are owning Google.
So, it does make a certain amount of sense that it has an automatic bid to begin with. I have no interest in this market. I think it’s probably only a matter of time before it does break out. Short-term pullbacks should offer value that people will be interested in.
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