The BIG FIVE

It was a good week but not a perfect one the US markets turned in. S&P 500 and NASDAQ Composite hit some new all-time highs on Friday, whereas Dow Industrial and Dow Transports performed rather weakly. Likewise, the small caps diverged.

We traders and investors have to realize this: With the new all-time highs in the S&P 500 and NASDAQ as well as the fact that most US indexes will close April near their respective highs, the door is widely open for a positive support of the US indexes far through May, most likely being in an extremely strong up-move that will result in many further all-time highs even in the broad indexes that were lagging behind last week.

In addition, I allege that this rally in the US stocks cannot come to an end unless the NASDAQ-100 will have topped. With the incredibly strong performance of last week and the upcoming super-strong April close, the tech leader – in common with the NASDAQ Composite – will have to work off its all-time high from the year 2001 within this rally inescapably. Not before that, the US markets in total will be “allowed” to fall respectively to correct deeply during several months!

Unambiguously, the April candle makes clear now that the 2001-alltime highs (4816) will expire soon. Probably, as early as in May it will! Both existing panic arcs (you may read up here the last detailed analysis why the panic arcs exist and which way they are supposed to keep on influencing the index… click me!) supported during the April low. So, the rebound energy newly released by the panic arcs during the April low makes the index go on booming. April is going to close near the highs, clearly above the first square line in the currently determining 8 Candle up on monthly base. The April close will trigger some further upwards boosts because it will stand for the highest monthly close ever. The 4820 uptarget is now confirmed once more.

At least another +6.XX% is supposed to be added to the present 4536. As mentioned, the alltime highs are likely to be reached as early as in May.

==> If the NASDAQ-100 rises again by at least +6%, some more higher highs in NASDAQ Composite, Dow Industrial, S&P 500, Russel 2000 will be unshirkable and almost inevitable!

The BIG FIVE of the NASDAQ-100 are Apple, Google, Microsoft, Amazon und Facebook.

In a body, these 5 represent about a 38% of the index evaluation. Thereby, it is their health condition, their signals/performance and their up- respectively downtargets, there state of trend that mainly affect where the NASDAQ-100 is generally tending towards, when breaks in trend and important index highs as well as index lows are upcoming respectively foreseeable.

For today, I am just going to deal with the currently valid monthly GUNNER24 Up Setups of the BIG FIVE of the tech leader. I’d like to present you briefly and concisely the presumed up- as well as downtargets of these leading stocks according to price and time.

Ever beforehand a short pre-taste. As far as the NASDAQ-100 is concerned, technically there can only be surprises upwards. En clair, I mean: 4820 is technically the minimum for the current NASDAQ-100 bull before a several month correction move is supposed/allowed to begin:

Apple is representing 14-15% of the NASDAQ-100 and Q2 FY 15 earnings release is scheduled for Monday, April 27, hence tomorrow:

As minimum uptarget, Apple (AAPL) has got the lower line of the 3rd double arc at 137. Obviously, a Gann Angle corridor is guiding the stock upwards into the target. This corridor has been enduring since about mid-2014. Without a doubt, at least the lower line of the 3rd is going to be worked off during this rally. The uptrend is looking marvelous. It was the February 2015 low that last confirmed the gorgeous condition of the uptrend because the upper line of the 2nd was tested back there. This test newly triggered the strong rebound energy that will lead the AAPL at least to the lower line of the 3rd.

Depending on the tomorrow assessment of the earnings and how sustainable the evaluation of the figures are being considered, already the April top but at the latest the May top may reach the 142 at the upper line of the 3rd. AAPL closed at 130. I think, that the 142 should be reached until May. This would be almost another +10% up to the possible May top. Pretty obvious is the next monthly buy signal. A monthly close – for April and/or May 2015 – above 143.50 will activate the next higher double arc as target in trend direction. This one takes course at 180 for Sept/Oct 2015!

==> Please, watch out for the developments of next week. An April close above the 143.50 will activate the 180 are for longterm! If AAPL visibly turns downwards after reaching 140-145 however, that will be all there was for the next months.

Google (GOOG) is representing 9% of the NASDAQ-100

In terms of price, there is really not much to be expected of Google till the expected important May top. Since the end of 2013, this leader has not achieved to get above the lasting resistance of the 3rd double arc in the monthly 13 candle up. However, Google is consolidating rather near to its alltime highs succeeding again and again in spiking into the space between the lines of the 3rd. All in all, it’s a promising consolidation at the highs that will be dissolved upwards sometime.

Earnings reported GOOG last week, the upwards boost released by the earnings is pretty fairish so far, perhaps/possibly enabling April 2015 to close within the lines of the 3rd. Altogether, that would be the second close between the lines of the 3rd. Such a close would activate the upper line of the 3rd at at 587 for May 2015. That’s where and when the stock is supposed to take a break for the time being.

I don’t think that a sustainable close above the main resistance of the 3rd double arc until June 2015 will succeed. If so however, if GOOG closes above the round 600 till May, perhaps June 2015, the next higher target in trend direction will be activated. That is a matter of the 660 horizontal that might be reached till Sept/Oct 2015 in that case.

==> A monthly close above 600 till June 2015 will activate a long-term attaining of the 4th double arc at about 745-720 that technically cannot be reached before 2016.

Microsoft is representing about 7% of the NASDAQ-100

MSFT likewise reported last Friday, the first reaction to the earnings was superb. The stock will finish April at the highs. Thereby, it will have re-conquered the Resistance Angle 1. In the end, the whole year 2015 has tested back the 3rd double arc that had clearly been broken upwards in 2014 thereby activating the lower line of the 4th as main target for this bull = about 53!

If April even re-conquers/overcomes the Resistance Angle 2 and at the same time the 47.90 main horizontal – wow – in that case, the stock would produce a triple buy candle. Since the new rally leg has not run for more than one day, there is no doubt that this triple buy candle will be nailed into the chart. I don’t have a sentiment assessment now when the 53 will be reached. Possibly it will in May, but perhaps it won’t before Sept/Oct 2015. By all means, until the 53 will be worked off, MSFT will be an up trending stock, good for buying some consolidations/corrections.

Is 2015 going above the 3rd double arc resistance? I doubt it a lot! Technically, after the 3rd being worked off, a several month, maybe several year correction in the uptrend is supposed to begin!

Amazon is representing about 3.5% of the NASDAQ-100

The AMZN earnings were honored appropriately by the market. On Friday, the stock popped up by almost +15%. As a result, April 2015 is generating a mighty buy signal. The stock will close finally and first time above the resistance of the 4th double arc and above the determining Resistance Angle, thus A) having triggered a double buy candle that B) is activating the lower line of the 5th at 500 as new uptarget.

AMZIN seems to intend to produce a flawless uptrend year 2015. In uptrend years, the yearly lows are in January/February, the yearly highs in November/December and the yearly closing price near the yearly high.

==> It was in January when the 2015 lows came in, at the 1*1 Bull Market Angle. Mind on this the big green/yellow oval! This bounce from the 1*1 Bull Market Angle generated enormous upwards power that is supposed to accelerate again with the current April candle. Amazon is on fire since the beginning of the year. I consider AMZIN to be able to work off the lower line of the 5th = main target of this bull through December 2015 thoroughly! “Buy on dips and corrections” should be the motto of all the AMZIN friends for the rest of 2015!

Facebook (FB) is representing 3.5% of the NASDAQ-100

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