MSFT, AAPL and GOOG Forecast – Major Tech Stocks Looking Weak

Microsoft Technical Analysis

Microsoft looks like it is going to gap a bit lower on Monday here as traders continue to see a lot of volatile headlines coming out of the Middle East and that just has markets selling off in general. That being said, it is worth noting that this really does not change much longer term as far as Microsoft is concerned. Therefore, I do think we are still in the midst of some type of bottoming pattern that buyers will look to take advantage of.

Apple Technical Analysis

Apple looks like it is going to gap a little bit lower as well. Really, at this point, as we are sitting in the $255 region, we have to watch that and $250, where the 200-day EMA sits. This could offer a nice support level that traders can take advantage of as we rally towards the 50-day EMA.

If we break down below the 200-day EMA, then the $245 level offers support. Anything below could be rather ugly. Apple looks like it is trying to form some type of support region here. I do not think you need to be a hero and be the first one to buy it.

Google Technical Analysis

Google is falling. It looks like it is going to test the $290 support level. This is a market that if we can turn around and recapture $300, though, would be rather impressive. At that point you would have to be thinking along the lines of possibly buying.

As things stand right now, it is a little noisy, it is a little soft. I am not super excited about buying it, but I also recognize that the market cannot necessarily be shorted either. I think you are probably best waiting to see if it turns to the upside and perhaps following the momentum.