The Long Investor

$QQQ TOP 20

Added 2023-10-24 20:33:52 +0000 UTC

$QQQ has so far passed the first big test.

$MSFT smashed their earnings and kept their record of always beating and jumped an impressure 5% AH.

$GOOG also reported a beat but revenue from their cloud service was down and it is taking a hit in the AH, I believe this cloud revenue will not weigh too heavily after the dust settles.

Remember, $GOOG was the only Mega Cap in our Top 20 that did not complete its Wave 4, so a pull back now would be welcomed and an opportunity.

I think this is a short term win for the bulls while we wait for the rest of the earnings this week to report, more of the same today and the bulls will take the upperhand.