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Magnificent Earnings Week: What was your fave?
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Aaron Invests (AI) joined discussion ยท Oct 28 13:15

Earning Calander is Yuge! ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

Hey Mooers!
Not only I would be looking on to the MAG 5, I am also going to dive into $Bitcoin (BTC.CC)$ influence withย  $Coinbase (COIN.US)$ the miner and $MicroStrategy (MSTR.US)$ holder as part of my highlight what would happen to them as well! Will be looking and watching on this too and put some of my opinions on it.
Earning Calander is Yuge! ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ
Disclaimer โš  : This post is for education purposes. It is based on my own opinions and not a recommendation to buy or sell. Please do your own Due diligence before engaging into the shares. Let's go! ๐Ÿš€ ๐Ÿš€ ๐Ÿš€ ๐Ÿš€
MAG7 a rally to the Moon?
Why the Mag 7? Why!? We all believe in the Mag 7 as it is one of the major influence. That will influence on the market as a whole
Currently Nasdaq in the premarket is showing a touching of resistance to support. If all the Mag 5 shows a good results it will increase to the uptrend above 18700. However, if report fails to show good performance, we may see a bearish trend to the downside to 16700.
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If you are undetermined which MAG7 and think all will do well. There is an ETF that does this
Politics vs Earnings who will play a major role of the index?
If you are looking for elections movement you may look at the list below.
Political perspective
Remember I am not affiliated to any political party. Please refrain from saying I am bias.
There is also a pressure that looking from another angle thanks @Ultratech if Trump is up in power, we may see a trade war happening between China and US and this may impact on the influence in the tech sector. Some speculate that there would be a pullback one Trump goes up in play.
On the other hand
If Kamala is up, we would see more benefits in Tech as tech would innovate more toward Environmental Social Governance ESG movement.
Personally. Before Elections, I believe we are seeing bullish rally on both parties as the race draws near. Is either ESG and Tech play would be down after election or Energy and Bitcoin play would be down.
So from a political perspective, the MAG 5 of 7 would be rallying in all 5 of them before the election due to the Kamala and Trump Election Effect.
Which Kamala is leading on the Tech influence. While energy is influenced by Trump.
Let's look at the Technicals of MAG 5 of 7
I am just going on the technicals to predict instead of the macro factors so here are my take.
Google is one of the most stable and least influenced of the MAG 7. However, it is the most impactful punch on Earnings report.
Lately Google had been stabilising AI is also lacking behind in their innovation and trying to play it safe.
For the time being I am looking at a bearish trend. Pulling back to 155 at worse or just maintain at the 160 range.
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Currently above RSI and moving upwards. With prospects on the Meta platform in virtual reality getting more cost effective we may see a boost in revenue for META
Looks promising and bullish from 580 to 600.Justification is from the rebound of the RSI above fair value.
Bearish indicator showing as well from the MACD there is also a chance of moving downtrend to 550.
I'm looking at it as bullish.
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3. $Microsoft (MSFT.US)$ Wed (30/10)
Real clear indicator that is showing a bullish trend, may help with $Meta Platforms (META.US)$ reporting on the same day. Bullish trend on MACD and The RSI. Estimate to be above 432.
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4. $Amazon (AMZN.US)$ Thurs (31/10)
Probably bullish trend with support from $Microsoft (MSFT.US)$ estimate to go above 190 with similar pattern to Microsoft and Meta.
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Hint of bearish trend but maybe dragged up by the other Mag 5 report bullish to the upside of 236. RSI still above fair value and trending upwards.
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Overall : Bullish on all MAG 5 based on todays indicator.
Will crypto pull down the MAG 5 earnings report?
What are my concerns right now is that we are looking at a pullback from the popular $Bitcoin (BTC.CC)$ crypto. Currently, it fail to break the 70k mark and will see a pull back to 62k mark. Right now this may influence on $MicroStrategy (MSTR.US)$ and $Coinbase (COIN.US)$
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Still showing bullish trend despite the pullback in Bitcoins.
Currently it is showing it may break above 245. Supported by RSI and MACD indicators.
Showing a bearish pullback. Would be seeing a worse pullback to 180. RSI indicating above fair value down trending. MACD is predicting to head towards death cross.
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Alright folks! Is going to be a wild ride this week!
Overall in my view the MAG 5 and Crypto and the Political uncertainty will rally up the stock market making it a win win win!
There maybe a chance that $Alphabet-A (GOOGL.US)$ may pull the trigger to the down.
However, If you think I am wrong. Go ahead contrast my theory!
Octobulls at the End of the month overall! ๐Ÿš€ ๐Ÿš€ ๐Ÿš€ ๐Ÿš€ ๐Ÿš€
Best wishes to all. Happy trading!ay your trades be ever in your favour. ๐Ÿฅ‚
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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Aaron Invests (AI)
Casual and Social ๐ŸฑTrader and investor. โœ… chartist for Trades โœ… Financial reporter โœ… Scalpers โœ… Swinger
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