The Long Investor

$GOOG TOP 20

Added 2024-04-26 10:21:17 +0000 UTC

Hands up, I got $GOOG wrong on their earnings, I am not sure why I didn’t anticipate the possibility of them paying a dividend, it was mentioned twice to me yesterday too by someone in our group and from someone online but on reflection I should have put an alternative count on the chart too and not just the ABC correction.

It was a big call to say that Wave B had made a higher high before going down and unusual set ups like this should also have been a lightbulb moment for me, usually the most straight forward explanation is the correct one.

My thesis was that the Mega Caps are so heavily correlated that $GOOG was the sole outlier pushing higher while all the others had lost their 50 Day and 200 Day MA in $AAPL and $TSLA’s case.

$GOOG I believe is a great company which is why it is a top target for me to buy along with $AMZN and their earnings showed why last night.

So let’s see how $GOOG opens today and how far it can push, if PCE comes in hot then there will be a difficult time for the market but so far it doesn’t appear to be factoring in any difficulty.