Shepard

Let's see where $GOOG might head this week. The bullish path I drew before earnings is invalidated. Marked it grey. The bold arrow shows what's playing out: losing $314 brought the range between $270 and $314 into play. The stock now trades at $278, right above the $272 support. It also lost its 200 day moving average around $339. From here it's a 50/50 setup. As long as we close above $272, Google is still building a higher low on the bigger chart. The overall uptrend isn't even cracking. Holding $272 would bring $314 back into play. Reclaiming $314 and then $332.82 would restore the momentum. Above that the 200 SMA and $360 are the next key levels. Losing $272 would mean a deeper correction toward $258 and below. I stick to my take. For me Google is still one of the biggest opportunities in the market right now. Stay bullish

$MRVL is buying $LITE . And investors don’t like it at all. Marvell announced the all stock deal today. The stock dropped almost 10% to $176.77. Lumentum shareholders get 4.5 Marvell shares each. Existing Marvell holders will own around 67% of the combined company. That dilution is what the market is punishing. On the chart, the stock lost the $201 support and fell below the 200 day moving average around $183. The bullish path I drew before is invalidated. Marked it grey. The range between $201 and $163 is now in play. The bigger uptrend stays intact as long as $163 holds. The stock can fall there without breaking it. Reclaiming $201 and then $215 would bring the momentum back. Losing $163 would mean a bigger correction.

$INTC lost its key support. And with it the short term uptrend. Intel dropped almost 29% after earnings and closed Friday at $65.76. The stock broke below the $81.98 low and the 200 day moving average around $86 in one move. The bullish path I drew before earnings is invalidated. Marked it grey. The broken $81.98 low means we’re now in a short term downtrend. The range between $82 and $54 is now in play. As long as Intel stays below $82, that level acts as resistance. From $54 it’s a 50/50 setup. Holding there could build a base for a recovery. Losing it would bring the $40.48 support into play. The bigger uptrend that started in April stays intact as long as $40.48 holds. The stock can fall there without breaking it.

Good morning, Investors. $AAPL did $109.4B in revenue last quarter. Up 16% year over year. EPS up 29%. And the guidance for the September quarter? Another 9 to 11% growth. Despite FX headwinds. Despite supply constraints. Despite rising memory costs. Apple raised prices across the lineup and demand kept coming. That is not a slowdown. That is pricing power. Tonight after the close John Ternus hosts his first earnings call as CEO. First numbers on the iPhone 18 Pro launch and the outlook for the holiday quarter → all on the table. Eyes on the market.

2/ $PLTR reports Monday after the close. The stock dropped 6% on Friday and closed at $184.11. It lost the $198 level after getting rejected below the $212.82 high. My main scenario: a pullback into the $164.58 support. The stock can fall there without breaking the uptrend. From there I expect a higher low and the next leg up. The faster path: strong earnings and an immediate reclaim of $198. Breaking above $212.82 would open the way for new highs. Losing $164.58 would send the stock toward $147. The 200 day moving average sits in between at around $153.

THE CORRECTION ENDS THIS WEEK. OR IT GETS WORSE. Here are the 5 earnings reports that decide it. 1/ $AAPL reports Monday after the close. Expectations: EPS of $2.02 on $115.3 billion in revenue. Apple has beaten EPS estimates in each of the last 11 quarters. The stock is trading right at $344, just below its all time high. That level is now the key. My main scenario: $344 holds, earnings deliver and Apple breaks into new all time highs. If $344 breaks, a pullback toward $317 or even $300 is possible. The uptrend stays intact as long as $300 holds. That’s also where the 200 day moving average is catching up. Losing $300 would open the door toward $273.