Microsoft Results & My Earnings Watchlist for Next Week

Mega-Cap Tech Earnings

It’s been a busy week of earnings reports. So far, we have seen big moves post-earnings in Microsoft (MSFT) and Meta (META), with Amazon (AMZN) up today after the bell.

Check out my thread for more analysis on the initial post-earnings MSFT move below:

While the initial move was impressive, the continuation move is even more critical. This is because it’s shifting the pattern on the longer-term timeframes.

Microsoft – Weekly Time Frame

This season, we have seen some very positive results, with Microsoft leading the way, potentially to a new, all-time high.

 

Going into earnings, Microsoft was hitting a critical resistance zone. That zone was the August ’22 high, the level MSFT hit after rallying after the Q2 2022 earnings report. This was the highest price that MSFT had seen in over nine months.

Can you imagine if Microsoft charges to a new, all-time high? What will it mean for the overall stock market?

The end of the bear market.

What is even better about this earnings report is that even though Microsoft demonstrated slowing growth momentum, the market was expecting this and was pleasantly surprised by the results. The resulting buying pressure is sending tech stocks higher. Now, the Nasdaq must break the August highs for continued momentum in the overall index.

My Earnings Watchlist – 5/1-5/5

So, which other stocks could be a catalyst to cause this to happen? Check out my earnings watchlist for next week.

 

Next week, Apple is on deck, along with a slew of other companies that could positively impact the Nasdaq, such as Qualcomm.

Which stocks are you watching this evening? As for me, I’m focusing on Amazon. Which, I think is making an excellent trend shift right here and now. I want to see it break above the January highs. It’s at that point, where it could really be off to the races.

 

 

Up Next...

Managing Butterfly Spreads & Taking Profits: DKNG

Hey traders! I’ve been busy making videos after taking your requests! I’ve created a full series on how I manage spreads and butterflies, which you can find on my Youtube channel.  The latest video in the series is an overview of a bullish fly I placed in the Simpler Central room, along with a new … Read more

Read More

Top 5 Charts to Watch This Week…

Hey Traders! What are you trading this week? Check out my Top 5 charts in the video review below… In this market, it’s most important to focus on spots with high liquidity, major setups, and options action that tells you where to look for targets. What are you trading? Let me know below!

Read More

Taking Profits: Managing a Butterfly when Price Explodes

Hey traders! Nvidia earnings is out, and the stock continues exploding. On this ticker, I made two different small lotto bets. One was a bearish trade, in case the ticker had a bad reaction, and the other was a bullish bet. While I lost money on the bear side, the bull side made money. The … Read more

Read More

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now
all-as-seen-on-logos