$Tesla Motors(TSLA)$ Breaking out of a 1-year channel on the weekly timeframe, with price back above the 50-week MA. RSI is also back above 50 in the bull zone and rising. This name could have a strong finish to the year.
$Cerebras Systems(CBRS)$ Not selling. Let the weak hands leave. Someone published an unverified report and now people are running like cockroaches. OpenAI and $Oracle(ORCL)$ are not stupid enough to sign billions of dollars in deals just to get burned. OpenAI is a lab, but what about $Oracle(ORCL)$ ? Do you think they didn't do their homework and signed a deal for nothing? Their claim is that the product wears out in about 1.5-2 years. Well, my iPhone wears out during that time too. Should we short $Apple(AAPL)$ as well? Makes no sense.
$Apple(AAPL)$ Up about 1.3% near $343.86, within roughly 1.2% of its 52-week high of $348.15. Trend Engine shows an uptrend for 62 straight 3-day bars, with this leg up 23%. The 2-day, 3-day and 2-week versions all line up, and the stop sits at $307.42, about 10% below. Its up legs have typically seen around a 10.8% drawdown along the way. Breakout above $348, or one more dip first?
$Microsoft(MSFT)$ Technical analysts are pointing to a clear daily inverse head and shoulders pattern forming on Microsoft. Jake Wujastyk has been among those highlighting the bullish reversal setup on the daily chart.
$Apple(AAPL)$ The Mac Studio Ultra is quietly turning into a serious machine for local AI work. Traditional GPUs cap you at 16GB–24GB of VRAM, but Apple's Unified Memory Architecture lets the system use up to 512GB of system RAM as VRAM with 1.2 TB/s bandwidth. That means traders and developers can run large frontier LLMs, advanced order flow algorithms, and multi-agent AI systems entirely on-device, offline, and with full data privacy. No cloud subscription fees, no API token costs, nothing leaving the desktop. Local AI infrastructure is shaping up to be a real structural moat for Apple Silicon.
$Apple(AAPL)$ I've been an Apple fan for a while, and I think the company will get through this. Consumer spending might tighten up a bit, but this stock is simply too large to collapse, so I don't see much downside from here.
$Microsoft(MSFT)$ I'll buy the dip on this one in tech. The 50-day moving average sits at 499, and the 50-week moving average is at 455. If we lose 499, I think we could see a quick drop to 460 followed by a fast recovery.