$GOOG TOP 20
Added 2024-06-08 23:55:44 +0000 UTCVery little to add here too and like the majority of our Top 20 Charts each week they tend to follow our projections for months at a time
$GOOG like $AMZN has held its pull back level so far and will likely continue moving higher until there is a market event
We believe it will be when the Fed announces a rate cut and this could signal some plateau at first and then the start of the decline.
$GOOG and $AMZN remain my 2 Mega Cap targets to buy heavy into when Wave C completes.
Comments
Makes sense. Thank you!
Zachary Alpirn
2024-06-09 01:12:05 +0000 UTCHistorically rate cuts indicate the economy is slowing down and ‘cooling’ likely indicating a recession, this will directly effect earnings and guidance and since the Mega Caps are already overvalued fundamentally, this would be a trigger to start the correction
Gareth Neary
2024-06-09 00:17:26 +0000 UTCCan you explain why you think rate cuts will cause the market to pull back? Or is more about mega caps pulling back and IWM becoming more bullish?
Zachary Alpirn
2024-06-08 23:59:49 +0000 UTC
