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[Follow Up] Episode 3 - Bear Market Rally Gap Up / Pop - Google and Microsoft Earnings - 10/25/2022
Based on previous earnings, Google and Microsoft both brought a increase to the QQQ/Tech Stocks once they reported after the close. Google saw a big spike shortly after 4PM EST close. Microsoft saw a spike around 6PM EST.
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Google missed their estimate, but still saw a spike. I can assume that this will happen again.
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Estimating the SPY/QQQ/SOXL will see a gap/pop up tomorrow based on analysis. SOXL is right at 20 day average. SPY saw previous gap ups' in this trading range.
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Follow The Trend is not a registered investment, legal or tax advisor or a broker / dealer. All investment / financial opinions expressed by Follow The Trend are from personal research and experience of the owner and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended inaccuracies may occur.
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