Top 5 US Stocks Approaching Cycle Highs
#269 An update on the Nasdaq and Top-5 US Stocks
Introduction
As we approach the upcoming quarterly earnings release for the top 5 US stocks that significantly influence the US indices, I am revisiting the planetary and dominant time cycles that have recently come into focus for these stocks and the US Indices.
The top 5 US Stocks’ expected earnings release can be found in the table below:
Since the top 5 indices have the largest weightings in the Nasdaq and the S&P 500 (to a lesser extent in the DJIA), the future direction of US indices could be heavily impacted by quarterly results.
I do not expect a market shock to occur, similar to the one in March and April this year, which has been an echo of the 1987 decline, based on this 45-year Saturn-Uranus Cycle.
Markets repeat in cycles and sometimes very close to long-term planetary cycles, as you can see in the above chart. It is no wonder that since the low in April, the medium-term and longer-term planetary cycles have been driving (most of) the main US stocks and indices to new highs.
In today’s edition of my weekly post, we will have a look at the dominant cycles for the Nasdaq 100 and the top-5 stocks: Microsoft(MSFT), Apple (AAPL), Amazon(AMZN), Nvidia(NVDA), and Alphabet (GOOG).