Week 30 Magnificent 8 Review

Let’s just call it the Magnificent 8 and see how they are looking. Next week AMZN and AAPL declare their results and may drive some of the moves in these stocks.

Trending Heat Map

As we can see TSLA and NFLX are trending short-term bearish. MSFT is also heading that way. All the others continue to look good.

Performance

Nothing really to see in the table except for big and huge numbers. Relatively, July has been slow and with such perfect performance so far this year, we will need to see how the rest of the year pans out.

Week-by-Week Performance

AAPL has managed to be positive 3 weeks in a row and 5 out of 6 weeks now. It will be interesting to see what it does this week with the earnings coming out.

Expected Moves

Note that AMZN and AAPL declare results next week.

I track the expected moves to see if there turns out to be outliers during the week. The chance of price closing the week within the range above is 68%.