4xForecaster
Long

Analysis: A Bruised Bull? | $AAPL $GOOG $MSFT $SPDR $NYSE

AMEX:XLK   TECHNOLOGY SELECT SECTOR SPDR FUND
130 0 2
Friends,


As I was building a few charts with predictive analyses and forecasts for AAPL             , GOOG             and MSFT             (The top 3 leaders in this $XLK holding (Source: http://finance.yahoo.com/q/hl?s=XLK+Holdings), I thought I should just as well chart it. The overall outlook is bullish , however, we have concerns for the short-term outlook based on the analyses of these top-3 constituents.

For instance, AAPL             had initially produced a bearish signal in the shorter-term, only to produce an early bullish reversal pending confirmation. Yet, the long-term has a pending bearish market reversal confirmation. We expect the shorter-term signals to provide early directional indications, and based on what we receive from our proprietary strategy and signals, we will continue to provide the relevant interpretation of the charts - Here is the chart for AAPL: https://www.tradingview.com/e/OqhN6oTc/ .

In contrast, GOOG             contradicted a short-term bearish outlook we had initially interpreted. However, within a few days, GOOG             carved new structure highs and at this point, we are expecting a bullish market confirmation signal in the short-term to add further support to the bullish market reversal confirmation signal we received out of the longer-term analysis. Here is the charts with bullish targets: https://www.tradingview.com/e/J5A3VRWX/

Finally, we looked at MSFT             . From a mid-January low near 34.63, MSFT             has thrived to climb its way back up towards our overhead resistance levels. As it continues to do so, both our short-term and long-term proprietary strategy and forecasting signals remain in a early bearish market reversal stance with a pending bearish market reversal confirmation, which we expect to be first expressed at the shorter-term level, if it ever occurred.


OVERALL:
XLK             is a Bull , but a bruised one. While GOOG             has the stamina of a horny beast, its accomplices are not as energetic. AAPL             is the second most promising bull , so to speak, whereas MSFT             represent the weak link in this technology trio. Question is whether the bearish downturn of one may weight down on the mass psychology and bring the other two down with it.

Cheers,


David Alcindor | 4xQuad
Predictive Analysis & Forecasting
Denver, Colorado, USA


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PS: Other recent analyses and charting:

SPDR: XLK             , XLF             , XLV:

XLK             - Technology Select Sector/SPDR:
https://www.tradingview.com/e/BolkDBWj/
Its Top 3 Leaders:
- AAPL: https://www.tradingview.com/e/OqhN6oTc/
- GOOG: https://www.tradingview.com/e/J5A3VRWX/
- MSFT: https://www.tradingview.com/e/SLHE0cgv/
(Source: http://finance.yahoo.com/q/hl?s=XLK+Holdings)


XLF             - Financial Select Sector/SPDR:
https://www.tradingview.com/e/Q1zAcCh2/
Its Top 3 Leaders:
- WFC             (chart pending)
- JPM             (chart pending)
- BRK.B             (Berkshire Hathaway Inc Class - chart pending)
(Source: http://finance.yahoo.com/q/hl?s=XLF+Holdings)


XLV             - Health Select Sector/SPDR:
https://www.tradingview.com/e/LHpkuOb8/
Its Top 3 Leader:
- JNJ: https://www.tradingview.com/e/CqsS1tCE/#
- PFE: https://www.tradingview.com/e/TV6ZoLEo/#
- MRK: https://www.tradingview.com/e/SCxm0WmO/#
(Source: http://finance.yahoo.com/q/hl?s=XLV+Holdings)


Also:

SPX             - https://www.tradingview.com/e/GK5wJ5WN/
AMD             - https://www.tradingview.com/e/ySdvtzok/
EBAY             - https://www.tradingview.com/e/XWUVhvT0/
FB             - https://www.tradingview.com/e/tfPPZa0e/
TWTR             - https://www.tradingview.com/e/Rnr5FZ93/


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- Follow us on Twitter: @4xForecaster
- See our live charts on TradingView.com: 4xForecaster


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Disclaimer: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations. We trust that you would do your own due diligence first, then seek professional advice from a licensed professional and enter the market at your own perils - David Alcindor - a.k.a.: 4xForecaster | 4xQuad, LLC.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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