Alphabet could take out its all-time highs after earnings, says top technical analyst

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The tech sector has nearly doubled the markets gains this year, and those wins may get even bigger after Alphabet reports earnings Monday afternoon.

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"This is one of the few big, big, super-cap names left, and I would say this is going to be one of the good ones, rather than one of the poor ones," Cornerstone Macro's Carter Worth said Friday on CNBC's ""If you wanted to, right, you can call this kind of thing a 'cup and handle,'" said Worth, "People like that setup, meaning that you approach a high, you can't do it, you back away, but you back away and make a shallower low, and then...

 

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why after earnings? is that part of technical analysis?

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S&P 500 jumps to record high on strong earnings, trade-deal progressThe S&P 500 hit an all-time high today following strong earnings and progress on U.S.-China trade. The S&P 500 rose 0.3% at the open to trade above 3,027.98, the record set on July 26. Anyone want to guess where it's closing though? At this rate it's about to blow through 3050. Strong earnings😂😂😂 What is the progress on the trade deal, specifically?
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

What to watch today: Dow to rise, Alphabet to report earnings, and Brexit extension approvedU.S. stock futures point to a higher Wall Street open, giving the S&P 500 another chance to break its July record highs. None of the above. I’m going to watch trump get booed alllll day!!! Just keep printing baby
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »