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: rejected at 10 EMA, but 10 EMA flattening. 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: nice positive action with ok close, above 200d, time still needed for 10 EMA to flatten
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: Hammer, at 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: bullish bar, resistance at top of falling window. Below 10 ema on weekly. 638 level holding. Could start to turn once supported above falling window.
MSFT – Microsoft Corp
Microsoft Corporation is an American multinational technology conglomerate headquartered in Redmond, Washington.
Thoughts: bullish close above 10 EMA, EMAs flattening
NVDA – NVIDIA Corp
Nvidia Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware.
Thoughts: doji looking, inside day. under 200d and declining 50 d. Look for rally to 10 EMA and resistance then form a higher low.
TSLA – Tesla Inc
Tesla, Inc. is an American multinational automotive, robotics and clean energy company.
Thoughts: inside day, just below 200 day.
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: close at 10 ema which is flattening. 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: strong close at convergence of MAs, looks like it wants to go
CRWD – Crowdstrike Holdings Inc
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas.
Thoughts: gap down, hammer support around 200 d
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: resistance at the top of 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: support at 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: hammer like action at bottom of falling window. confluence of MAs. supported just below 50d
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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