As U.S. stocks continue to post solid gains, with the S&P 500 up 1.60% and the Nasdaq climbing 2.25%, many of the large-cap technology leaders are doing even better. The strong performance is once again putting the spotlight on the mega-cap names that have driven much of the market’s gains over the past few years.
In the video above, I take a technical look at five of those leaders—Microsoft, Meta, Nvidia, Alphabet, and Amazon. Each stock is higher by at least 3.45% on the day, comfortably outpacing the broader market. Nvidia is the smallest gainer of the group, while Meta leads the charge with an impressive 6.58% advance.
While today’s price action has the group back in favor, the technical outlook is not the same for each stock. Some are breaking above key resistance levels, others are testing important support or approaching major technical hurdles. Those differences can have a meaningful impact on the next move.
In the video, I walk through each stock one by one, outlining the technical bias, identifying the key risk levels that traders should be watching, and highlighting the upside and downside targets that could shape the next leg in the price action.
This article was written by Greg Michalowski at investinglive.com.