Growth Stocks, Technology, and Earnings
Big cap growth and technology stocks have a tendency to rally into earnings, therefore the Decision Point IT Trend Model buy signal makes sense. This signal triggered with a PMO and 20ema/50ema bullish cross.
These big technology stocks, like MSFT, have shown a high probability of bullish trends in sentiment and expectations into earnings. Source: Stockcharts.com
Technology and Big Cap Growth Stocks
MSFT reports next Thursday on 4/26 in addition to GOOGL, INTC, AAPL, AMZN, and FB. We are thinking one more dip today into Friday, then higher next week.
The technology CYCLE is up, with the 20ema turning up through the 50. This momentum should continue for another couple of weeks barring unforeseen news catalysts.
Technology – Internet
These top 20 internet and technology stocks held up well yesterday. TWTR is trading 3.42% higher in the pre-market session on an upgrade to buy.
Semis were weak on Thursday thanks in part to Taiwan Semiconductor comments. The weakness in these names could turn out to be an opportunity for candidates that pulled back to support.
Look for signs that this trend in technology will continue, as XLF and XLE remain the strongest sectors at the close on Thursday.
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