Week 42 recap:
Our watchlist from last week was TSLA, NUE, ENPH, BA, AAL, LUV, and RTX. And from this list we streamlined it to TSLA and LUV
Though I closed our positions in LUV at a loss, our biggest win was in TSLA. We are bullish on TSLA move right after the earnings. You can check our analysis from our post here, a week prior to TSLA earnings.
This week (week 43) is going to be way a lot more interesting.
Big tech names such as AMD, GOOGL, MSFT, META, COIN, AMZN and AAPL will be releasing their earnings this week.
Here is our watchlist for this week:
AMD – I am looking for an upside trade for AMD after earnings release. I think the numbers will be just fine and what I am really excited about is their forward guidance. I am wondering if they have already developed something better that will match NVDA’s H200.
MSFT – We successfully traded MSFT in week 42 to the upside. We noticed that the stock price always advances before earnings, so we just follow the trend. I think this has more room to the upside right after the earnings. I’d like to see a breakout to $440 heading to $445. MSFT’s Friday closed at $428.15. What I am worried about is its capital expenditure in partnership in AI development. Let’s see if their cloud-computing business revenue increases from the previous quarter.
META – I’m cautious in trading this stock to the long side. I think that $600 psych level is hard to break technically. Meta’s Reality Lab is still not making money. Unless this stock doesn’t breaks that $600 level, I will not be trading this to the upside. I will be betting on a downside trade on this one before earnings release. I will look at the $530, $500, $480 and $450 level to test.
COIN – We successfully traded this stock at week 42. As long as BTC price is volatile, so is this stock, together with MSTR. I will be waiting for the earnings release and depending on the price movement of BTC, this will decide this coming week if we will take a position or not. Technically, COIN is struggling for an upside follow thru after a week of higher highs. If the earnings turn hot, that $258 level is the next target. If the earnings turn out to be missed, we will be looking at a $180- $160 retest.
AAPL – I am bearish on this stock right after they released their latest iPhone16. I posted my bearish thesis in my TradingView account and you can read it here. Also, I don’t think their VisionPro is selling enough as the company is already scaling back its production .
Last week, QQQ finally tested that $500 level before closing at $495.32 last Friday, wherein our all time high was at around $503.18 something. If you are a technical trader, you begin to look for a bearish trade every time it tests the double top pattern in a daily time frame. Unless there’s really more significant breakthroughs in every tech sector, this won’t breakout but who knows I might be wrong, what do I know?