Microsoft ($MSFT) and Apple ($APPL) 💻 | New Highs for the Market🐮🖥️🐮 Apple and Microsoft are giants of tech and some of the largest holdings of the major indexes. If these companies run, not to mention the other tech giants like Facebook and Alphabet, then the markets will almost certainly run with them.
Just look at the top 5 holdings of the S&P :
Microsoft Corporation 5.68%
Apple Inc. 5.60%
Amazon.com, Inc. 4.26%
Facebook, Inc. Class A2.16%
Alphabet Inc. Class A1.68%
Alphabet Inc. Class C1.68%
Here are the top 5 holdings of the Nasdaq :
Apple Inc. 11.83%
Microsoft Corporation 11.41%
Amazon.com, Inc. 10.25%
Facebook, Inc. Class A 4.35%
Alphabet Inc. Class A 3.88%
Alphabet Inc. Class C 3.85%
Here is the top DOW holdings With non-tech excluded (Microsoft is the 6th on the list, Apple is still #1):
Apple Inc.9.14%
Microsoft Corporation 5.07%
It should be obvious to you now what we mean when we say " if these stocks run, then the market runs ." We mean, they are the biggest parts of the major indexes!
This is good news for the bulls, because run is exactly what is about to happen based on historical trends.
Some people seem to think that these tech stocks rushing past new all-time-highs perhaps signals the top of not only these companies but the market. In fact, we commonly hear this sort of sentiment every time it happens. Reality is just the opposite.
The fact that these companies are breaking all-time-highs is actually bullish for them and the market as a whole.
On top of that, the news is bullish for these companies as well (COVID aside). We have new iPhones, a slick new MacBook Pro, a new Surface Duo, and a declaration against Face ID for Microsoft.
In short, there is nothing really substantial to bring these giants down aside from the broader market, but again, it is more likely they bring the market up. Don't take our word for it though, the historic patterns are clearly illustrated on our charts.
On the charts, you can see yellow horizontal lines marking off each new high. You can clearly see that the longstanding pattern is that breaking a new high is bullish for both Apple and Microsoft (with this being true in spite of any bearish disbelief).
In summary, breaking all-time-highs with conviction is bullish for the tech giants, which is bullish for the markets. So after that last break, our only questions are "when" and "how high?"
Resources: www.etf.com + www.forbes.com + www.forbes.com + www.foxnews.com + mspoweruser.com
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Historic
Last 3 market crashes compared"What just happened?" Is the most common question people is asking their brokers.
The answer: Nobody knows exactly. The market just crashed like in 2015, 2011 and 2010.
Here is a comparison of the latest 3 flash-crashes:
18 August 2015
1 August 2011
6 May 2010
Even while past data suggests a price bounce, bear in mind that the sell-off could continue in the next days.
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"Know what you own, and know why you own it" - Peter Lynch
Top of the WaveWell it is finally here.. We have reached the date of the above green time cycle. This cycle marks the date of significant highs, normanly followed by a sharp break down. This cycle has remained acurate for last 3 years (we are entering 4 year) and it remain spot on.
The Green time cycle shows the dates when oil stops a bull run. Even in a bear market, there will be bull run leading into this date... On this date we see the high. Even thought I only use this to predict the Week of the event (break to bearish).. It has been acurate to the DAY the last three years. As it predicted the break happened on Friday. October 7th. That is six complete cycles going back over three years. Simply put, we have reached the top of the wave until Apex of Red cycle, Jan 20, 2017. Oil is going down.
The Red sine wave shows at what point in the cycle oil will be at its low. Think of it as the inverse of the Green time cycle with a different wave timing. The low for oil will be on the Apex date of the Red sine wave. The last apex occurred (and was predicted) on Aug 4. This wave timing longer than the Green time cycle, so you can see it's apex can occur from days to months after the High of the Green time cycle. The difference in time between the two dictates the speed of the fall. This pattern is consistent.
Sure... I only make a handful of trades a year, and i normally swing them for about 3months, so why is this important to short term traders.. Because if you know the direction for the next few weeks or months, and you know any spike up before the Red sine wave date will be reversed to at least the prior low since the Green time cycle date.
All of last years gains where based on these trades.. I will be updating our other published ideas to consolidate them here. All are subsets of this cycle chart. If you have been following you know we are on a longterm big short from 47.10
You also know we made the trip from 40'ish to above 47 twice and our longterm shorts are still underwater. You also know that we also swung short-term shorts for +21% profits with a 1week trade.
Neither of these cycles predict price, just course and direction. Our target remains 38 WTI by Jan. 20, 2017. No do overs, not yea buts.. We feel oil will bottom on this day for cycle, and although it will take a few days to confirm a top, and could test 50 this week, we feel this marks the end of this last bull run of the year.