MSFT, GOOG and AAPL Forecast – Major US Stocks Jump in Premarket Trading on Monday

MSFT Technical Analysis

Microsoft looks as if it is going to gap to the upside during the open here on Monday, as pre-market trading has been very strong. Ultimately, if we can break above the $540 level, then I think it opens up a move towards the impulsive high at the $555 area. Short-term pullbacks open up the possibility of buying opportunities, with the 50-day EMA sitting right there at $512, which, of course, is also rising. So, all things being equal, I think this is a market that continues to be more or less a buy on the dips situation. And I do believe that the $500 level will continue to be very important for support underneath. And as a result, I think there are plenty of people out there willing to get long.

GOOG Technical Analysis

Google looks like it’s going to gap as well. And that makes a certain amount of sense as there’s that risk on a type of appetite out there with the US and China supposedly coming closer to an agreement. A short-term pullback at this point would make a certain amount of sense. But I think ultimately you have to look at this as a market that is probably going to be “buy on the dip” as well as impulsive.

I have no interest whatsoever in shorting. And now it looks like the $240 level will end up being a floor in the market, which the 50-day EMA racing towards that level as well. So, it just solidifies everything that I see as far as support.

AAPL Technical Analysis

Apple looks like it’s going to gap to the upside, which makes quite a bit of sense considering that the situation with the United States and China will have a direct influence on Apple. We do have an earnings call, I believe, on Thursday this week, so that will cause a certain amount of noise, but this again looks like a very bullish market. And if we did get some type of impulsive sell off, I’m more likely than not would be a buyer on any bounce. The uptrend line is very much in case the support, and this is a market that I think should continue to go higher, but do expect some volatility on that Thursday earnings call, which is after the bell closes.

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