MSFT, AAPL and AMZN Forecast – Major US Stocks Wait for Earnings

MSFT Technical Analysis

The market for Microsoft looks dead flat in pre-market trading as we are sitting above the $500 level, but waiting for earnings next Wednesday. So, it’s possible that we might see a little bit of sideways action in this area as we await that information. But the one thing that you should keep in mind is that this market is most certainly bullish. We gapped at the last earnings call, and just basically shot straight up in the air since then.

We have a perfect trend line that we’re hugging. So, to go sideways in this general vicinity for a handful of sessions really is not that far out of the norm. And quite frankly, I would assume expected, even if we break down from here, I’d be looking at that as a sign that maybe you’ll be able to buy Microsoft after earnings, assuming that earnings go well.

AAPL Technical Analysis

Apple is right around where it closed, which is right around the 200 day EMA in pre-market trading on Thursday. We do look like we’re trying to fill the gap above, which leads to a move towards the $223 level. And again, this is a market where you’re going to have to worry about earnings this time next Thursday. So, we have a week to go before that earnings call. We might be a little sluggish here, but I do definitely think that at this point, the bias is probably more to the upside.

AMZN Technical Analysis

Amazon looks as if it is going to open a little bit positive, very slightly so, on Thursday. And again, it’s another earnings story. Earnings come out Thursday of next week for Amazon, which will be the next major catalyst, all things being equal. And at this point, I think short-term pullbacks are probably buying opportunities, but to expect Amazon to just scream to the upside after rallying the way it has, and having earnings in just a few days, is probably a bit of a stretch. I think this is more of a grind to the upside as well.

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