📺 Watch the full video here:
The S&P 500 is reacting to ceasefire news, with oil pulling back and equities pushing higher.
That shift is showing up in the Magnificent Seven stocks, which are helping lead this tech-driven move. Let’s walk through where each name stands and the key levels to watch next.
🔍 Highlights
1️⃣ Apple (AAPL)
Apple has broken above its March 26 high and is continuing to hold above that level after pulling back into prior support.
RSI Power Zones are still sitting near neutral, but price action suggests there may be room for continuation higher. When momentum is neutral like this, I’m watching to see if price can build strength from here.
The next resistance level I’m tracking is the old low from February 26, which now becomes an upside reference point if this move continues.
2️⃣ Amazon (AMZN)
Amazon has reacted strongly to the ceasefire news, pushing higher intraday and moving above the March 5 high.
Because this is happening during the trading session, we need to see where the daily candle actually closes before treating it as a confirmed breakout. The close is what validates the move.
Looking at the bigger picture, the pathway higher points toward the January 28 high, with potential resistance along the way — including the February 4 pre-gap low.
3️⃣ Meta (META)
Meta has been recovering since March 27 and saw another push higher following the ceasefire news.
The next resistance area I’m focused on is the March 4 high, which represents a prior level that contributed to the recent decline.
That range includes the old low, midpoint, and high — all of which can act as decision levels depending on how price approaches them.
4️⃣ Microsoft (MSFT)
Microsoft is lifting out of a support zone that goes all the way back to April 2025, specifically from the tariff-driven selloff during that period.
It’s a good reminder that levels from a year ago can still be relevant if price returns to them and reacts. That support has now led to a bounce, with the next upside reference at the March 6 high.
One important detail here is the gap higher on the news. Even though price opened higher, the current candle is trading lower intraday, which means the strength of that gap depends on where it closes.
5️⃣ Nvidia (NVDA)
Nvidia remains in a broad consolidation range that stretches back to September and October, making it one of the more sideways charts in the group.
It has pushed above the March 25 resistance, which opens the door for a move back toward the February 25 high if momentum continues.
Before reaching that level, I’m watching for resistance around the March 16 high, which sits within this larger range.
6️⃣ Tesla (TSLA)
Tesla has had the weakest reaction among the Mag 7, opening higher but already pulling back into the prior day’s range.
The broader downtrend remains intact, and any upside recovery looks limited for now, with the April 1 high acting as the next resistance level.
If price continues lower, the next support area comes from a large range around June 2025, with key levels near the 325.00 area and then closer to 299.00.
Even when markets react quickly to news, the follow-through depends on how price behaves at key levels.
Gap moves and prior highs still need confirmation — especially when the move is driven by headlines.
If you found value in the technical analysis or the stock calls themselves, go ahead and hit that Like button, and I’ll see you in the next video.
🚨 PS — Watch the Replay: Last Night’s Weekly Trading Show
We had our 13th broadcast of Ticker Request Live yesterday!
📺Catch the Apr 7th replay on Youtube (will come down without notice):
Leave a Reply