To The Moon

Technology stocks are performing badly for the past few months, including all the tech giants. The most anticipated one will be Microsoft, Amazon and Google which are going to release their earnings this week.

AMZN daily chart

This e-commerce and cloud computing leader is scheduled to report its third quarter financials after the market closes on Thursday. Analysts anticipate solid earnings growth and an optimistic outlook for Amazon this quarter, I do share the simula point of view too $Amazon.com(AMZN)$ . It will benefit from its strength in the cloud and advertising business, as well as strong momentum in the e-commerce unit. 

GOOG daily chart

Similar to Amazon, Google is scheduled to announce Q3 earnings results after the market closes tonight. I expect for Q3, advertising will still be the core moneymaker $Alphabet(GOOG)$ , which will represent over 75% of the total revenue expected at 75 billion dollars and likely why the company moved aggressively on its AI efforts. 

Another company that is going to release its earnings will be $Microsoft(MSFT)$ Bullish. I share the similar bullish view as Google for Microsoft. The company's shares fell about 10% after hiiting an all time high in July as the AI frenzy faded. Microsoft has been a front-runner in the AI race since its launch of ChatGPT in February.

Lastly for $Apple(AAPL)$ Bullish, although its chart is among the weakest in the tech stocks, but we should expect a rebound from this company as the share price is pretty near to EMA200. Any breakdown below EMA200 will be catastrophic for Apple. 

Apple daily chart

In overall, I am bullish for the whole technology sector this week $Nasdaq100 Bull 3X ETF(TQQQ)$ , for short term. 

How do you think?

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