Here is the Swing Trading Magnificent stocks report:
MAGNIFICENT 7
GOOGL – Alphabet Inc
Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California.
Thoughts: lower low, but bullish piercing, good close. Still below all moving averages including the 200d
AMZN – Amazon.com Inc
Amazon.com, Inc., doing business as Amazon, is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.
Thoughts: lower low, support at 200d
AAPL – Apple Inc
Apple Inc. is an American multinational corporation and technology company headquartered in Cupertino, California, in Silicon Valley. It is best known for its consumer electronics, software, and services.
Thoughts: rejected at 10/21 EMAs. Above the 50 day. Looks like ascending triangle pattern forming. Another test of falling window resistance then breakthrough?
META – Meta Platforms Inc
Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California.
Thoughts: gap down. hammer, support at prior base pivot. Below 10 ema on weekly. 638 level holding. Could start to turn?
MSFT – Microsoft Corp
Microsoft Corporation is an American multinational technology conglomerate headquartered in Redmond, Washington.
Thoughts: gap below range, but supported
NVDA – NVIDIA Corp
Nvidia Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware.
Thoughts: lower low via gap down, but supported. under 200d and declining 50 d
TSLA – Tesla Inc
Tesla, Inc. is an American multinational automotive, robotics and clean energy company.
Thoughts: gap down and close below 200d. higher volume
MORE MAGNIFICENTS
RDDT – Reddit
Reddit is an American social news aggregation, content rating, and forum social network. Registered users (commonly referred to as “Redditors”) submit content to the site such as links, text posts, images, and videos, which are then voted up or down (“upvoted” or “downvoted”) by other members. Posts are organized by subject into user-created boards called “subreddits”.
Thoughts: holding at the prior range bottom of range – 10 ema still accelerating away from 21 ema. Could tighten between low of range and 10 EMA
NFLX – Netflix Inc
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres, and it is available internationally in multiple languages.
Thoughts: still supported above gap top and hammer low. convergence of MAs
CRWD – Crowdstrike Holdings Inc
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas.
Thoughts: gap down, shooting star like action.
COIN – Coinbase Global Inc
Coinbase Global, Inc., branded Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work. It is the largest cryptocurrency exchange in the United States in terms of trading volume.
Thoughts: gap down supported, supported within the rising window
NOW – ServiceNow Inc
ServiceNow, Inc. is an American software company based in Santa Clara, California, that supplies a cloud computing platform for the creation and management of automated business workflows.
Thoughts: supported above 200 day
CRM – Salesforce Inc
Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, and application development.
Thoughts: below 200d
SPOT – Spotify Technology SA
Spotify is a Swedish audio streaming and media service provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. As of December 2024, it is one of the largest providers of music streaming services, with over 675 million monthly active users comprising 263 million paying subscribers.
Thoughts: gap down to 50d, doji
JPM – JPMorgan Chase & Co.
JPMorgan Chase & Co. is an American multinational financial services firm headquartered in New York City and incorporated in Delaware.
Thoughts: gap down, lower low.
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