GOOG, AAPL and MSFT Forecast – Major Tech Stocks Looking to Rally

GOOG Technical Analysis

Google looks like it’s going to rally a bit based on pre-market trading, but I’d be the first to point out that Google looks a little stretched here. So, we’ll have to wait and see how this plays out. But as things stand right now, Google looks like a market that is ready to go look into the $255 level, possibly higher than that.

There is a massive gap between the court decisions on the 3rd of September that has yet to be filled. We’ll just have to wait to see how that plays out. But that is down the road, at least a potential move. As things stand right now, it just looks like a market that is starting to reach escape velocity, meaning that it’s going to be extraordinarily momentum driven.

AAPL Technical Analysis

Apple looks like it’s going to open a little bit higher in pre-market trading after gapping higher during the trading session on Monday. So, Tuesday could end up being a test of the $240 level. We’ll just have to wait and see, but it certainly looks like we are leaning in that direction. Short-term pullbacks probably offer value that people are willing to pay attention to, with the $225 level underneath offering support, especially now that we have the 50 day EMA raising towards that level.

MSFT Technical Analysis

Microsoft looks like it’s going to open slightly positively during the trading session here on Tuesday, as we continue to see a little bit of upward momentum. Ultimately, it looks like we have formed a basing pattern and are now breaking out. So, let’s see whether or not we really can continue to go to the upside.

Certainly, it looks like it’s a plausible scenario. And therefore, I like the idea of owning Microsoft. The one concern I would have is that the Federal Reserve interest rate decision is on Wednesday and therefore we could get some volatility. Keep an eye on the $500 level as well as the 50 day EMA as both could offer support.

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