AAPL Technical Analysis
Apple looks like it’s going to try to grind to the upside again, perhaps trying to get to the $280 level, which is an area that has been very difficult to break above. If we can break above the $280 level, then the market could go looking to the upside. Short-term pullbacks, I believe, should be buying opportunities right around the $265 level.
GOOG Technical Analysis
Google looks like it’s going to jump to the upside as the market continues to see quite a bit of money thrown at Google. The AI momentum is accelerating, and of course, the bonds that they have been selling have been very successful in the market. All things being equal, we are seeing an increase in volume, and this looks like it is a significant move trying to happen.
Short-term pullbacks are almost certainly going to end up being a buying opportunity. The $300 level will probably become somewhat interesting for traders to pay attention to as a potential pullback and bounce. But really, at this point in time, there’s nothing on this chart that even remotely suggests that we should be thinking about the downside here.
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