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: Gap down and drop. Well 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: Gap down through the 10 EMA. Below 200d now.
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: Drop below the 10 EMA. Below the 200d.
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. Support at 200d.
MSFT – Microsoft Corp
Microsoft Corporation is an American multinational technology conglomerate headquartered in Redmond, Washington.
Thoughts: Drop below 10 EMA. Well below 200d.
NVDA – NVIDIA Corp
Nvidia Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware.
Thoughts: Further weakness. Well below 200d which is curling down.
TSLA – Tesla Inc
Tesla, Inc. is an American multinational automotive, robotics and clean energy company.
Thoughts: Close below the 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: Support at gap resistance. Below 200d.
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: Bear flag reazlied. Well above 200d.
CRWD – Crowdstrike Holdings Inc
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas.
Thoughts: Drop below the MAs. 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: Below last support. Well below 200d.
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: Approaching prior support. 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: Around prior support. 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: Support above prior gap support. Well above 200d.
PLTR – Palantir Technologies Inc
Palantir Technologies Inc. is an American publicly traded company that specializes in software platforms for big data analytics. The company has four main projects: Palantir Gotham, Palantir Foundry, Palantir Apollo, and Palantir AIP. Palantir Gotham is an intelligence and defense tool used by militaries and counter-terrorism analysts.
Thoughts: support at gap support.
JPM – JPMorgan Chase & Co.
JPMorgan Chase & Co. is an American multinational financial services firm headquartered in New York City and incorporated in Delaware.
Thoughts: trapped between gap resistance and gap support. Lots of overhead resistance.
Leave a Reply