This view may be oversimplify but I think the week of 27 April warrants some attention.
This is the quarterly results for :
M - Microsoft on 290420
A - Apple on on 300420
A- Amazon on 300420
These 3 stocks by far constitutes the highest weightage in SPX500 index. Should any of them reports less than desirable revenue , I think the implication of SPX500 to be drag down is quite high.
Looking at the line chart, we can see Amazon has surpassed its drop on 19 Feb 20 and continue to charge much higher . Both Microsoft and Apple still have some room to move up to.
For those short term traders in these stocks, you may want to consider taking some partial profits and let the remaining ride the trend. Value investors would find any drop on or after these dates an attractive option to accumulate more.
This is the quarterly results for :
M - Microsoft on 290420
A - Apple on on 300420
A- Amazon on 300420
These 3 stocks by far constitutes the highest weightage in SPX500 index. Should any of them reports less than desirable revenue , I think the implication of SPX500 to be drag down is quite high.
Looking at the line chart, we can see Amazon has surpassed its drop on 19 Feb 20 and continue to charge much higher . Both Microsoft and Apple still have some room to move up to.
For those short term traders in these stocks, you may want to consider taking some partial profits and let the remaining ride the trend. Value investors would find any drop on or after these dates an attractive option to accumulate more.
Comment:
we see a double top formation pattern on Amazon. Its Q1 earning results will be out on Thursday so I am expecting some consolidation here first.
Comment:
See how fierce Amazon has dropped and it pull down SPX500 as well?
Comment:
now we can see clearly how strong Amazon and Apple shares are doing and leading SPX500.
Comment:
You can see how great the jump has been from this line chart if you had longed any or all of these stocks. Congrats !
