MSFT, AAPL and AMZN Forecast – Major US Stocks Wait for Earnings

AAPL Technical Analysis

Apple is right around where it closed, which is right around the 200 day EMA in pre-market trading on Thursday. We do look like we’re trying to fill the gap above, which leads to a move towards the $223 level. And again, this is a market where you’re going to have to worry about earnings this time next Thursday. So, we have a week to go before that earnings call. We might be a little sluggish here, but I do definitely think that at this point, the bias is probably more to the upside.

AMZN Technical Analysis

Amazon looks as if it is going to open a little bit positive, very slightly so, on Thursday. And again, it’s another earnings story. Earnings come out Thursday of next week for Amazon, which will be the next major catalyst, all things being equal. And at this point, I think short-term pullbacks are probably buying opportunities, but to expect Amazon to just scream to the upside after rallying the way it has, and having earnings in just a few days, is probably a bit of a stretch. I think this is more of a grind to the upside as well.

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