MSFT, AMZN and AAPL Forecasts – Major US Stocks Reacting to Rates

MSFT Technical Analysis

Microsoft looks like it is drifting a little bit lower in pre-market trading, but it is worth noting that we are in the middle of an attempt to recover. The bounce from the $380 level is a good sign, and if we do rally from here, we could go looking to the 50-day EMA at the $413 level. Short-term pullbacks, I think, open up the possibility of picking up shares because, longer term, Microsoft is a widely held stock, and it’s very difficult to believe, despite the facts with Copilot being a laggard, that Microsoft will simply fall apart. With the institutional support that it typically enjoys, I do think that we are in the middle of trying to find the floor.

AMZN Technical Analysis

Amazon looks like it’s going to rally a bit early during the trading session, which makes a bit of sense if the economy is doing fairly well, and of course, the jobs market remains fairly strong it does make sense that Amazon becomes a big winner. The idea of the supply chain perhaps opening up after the war probably helps as well, although exactly how much it’s hard to quantify.

We had bounced from the 200-day EMA during the trading session on Monday, and now it looks like we are going to continue to see a lot of potential follow-through. Short-term pullbacks, I think, are buying opportunities if we can break above the 50-day EMA, then it could open up another 20 dollars to the upside near the $270 level.

AAPL Technical Analysis

Apple is looking like it wants to recover a bit more on Tuesday in pre-market trading. Ultimately, we are consolidating. If we can break above the $300 level, it opens up a move to 315 dollars. The $290 level looks to be supported, right along with the 50-day EMA. If we were to break down below there 275 dollars would be possible.

But right now, I think we’re trying to find that footing that has the hallmarks of an uptrend, trying to turn things back around and continue. Watch interest rates; if they continue to fall, that could help Apple as well.

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