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: Slight gap down. Inside day. 10/21 EMAs still diverging. Still below all moving averages, and trapped below 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: Rejected at 10 EMA/200d. 10/21 EMAs diverging. Just below the 200d and 10 EMA.
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: Rather unchanged. Well below the MAs and huge down bar on the weekly.
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: Under prior gap up resistance. Lots of overhead prior gap resistance. 10/21 EMAs still diverging. Well above the 200d. Doji on the weekly, interesting but does not signal a bottom.
MSFT – Microsoft Corp
Microsoft Corporation is an American multinational technology conglomerate headquartered in Redmond, Washington.
Thoughts: Rejected at the 10 EMA. Holding above prior support.
NVDA – NVIDIA Corp
Nvidia Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware.
Thoughts: support at prior gap and 10 EMA. 10/21 EMAs converging. however below the 200d slightly curling down.
TSLA – Tesla Inc
Tesla, Inc. is an American multinational automotive, robotics and clean energy company.
Thoughts: Trapped below 10 EMA. Well below 200d. Risk: tariffs impact on outlook and public sentiment towards Musk and therefore Tesla.
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: still looks trapped below declining 10 EMA, overhead gap resistance. Dragonfly doji on the weekly indicating supporting action, but not a bottom.
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: above 21 EMA but rejected at 50d. Gap support and 10/21 EMAs converging. Well above 200d.
CRWD – Crowdstrike Holdings Inc
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas.
Thoughts: rejected at 21 EMA and gap resistance. 50d curling down. Above 200d.
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: guided lower by the 10 EMA, below the prior gap window low.
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: rejected at 10 EMA, well below 200d
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: rejected at 10 EMA and prior support level. Still below the 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: Now above the 50d, strong close. Expect pullback as 10 EMA crosses above the 21 EMA.
JPM – JPMorgan Chase & Co.
JPMorgan Chase & Co. is an American multinational financial services firm headquartered in New York City and incorporated in Delaware.
Thoughts: bouncing around the 200d, in the prior gap range.
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