TSLA Technical Analysis
The early hours for Tesla look pretty positive. It looks like we are going to gap to the upside. Ultimately, this is a market that’s been in the process of trying to recover. We did fill a gap here recently. We have not been able to break above it. Now we have the 200-day EMA coming into the picture, causing a little bit of trouble as well. But ultimately, this is a market that looks like it is trying to pick up momentum, despite the fact that rates have jumped. The AI revolution continues via Tesla in autonomous driving, CyberCab, those types of things.
MSFT Technical Analysis
Microsoft is looking very much like a market that is continuing to consolidate with more of an upward tilt. The major support seems to be found near $477, with the $520 level above offering resistance. We look like we are going to rally a bit early during the session. It does look bullish longer term, despite those higher rates. Microsoft continues to be an important part of the AI situation and system being built out there. It continues to see interest as a result.
ADBE Technical Analysis
Adobe is slightly positive early during the session. This one is interesting to me because it has suffered at the hands of AI, but it does look like it’s trying to get more exposure to artificial intelligence through its tools. So, I’m watching this as the 50-day EMA is starting to nudge a little bit higher. We’re getting fairly close to a potential golden cross.
Watching that is something that I have been doing for a while. We may or may not be ready to see that quickly. I think we’re probably several days away, but nonetheless, this could end up being a nice bargain. Adobe has a long history of having hits out there, so this is one of those companies that has just fallen by the wayside. I am personally watching it for some type of potential long-term trade. Whether or not that would kick off on Monday is an entirely different conversation, but certainly, this could be very intriguing.
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