US tech stocks started to regain their mojo last week following some solid reports from the likes of Alphabet (GOOGL US), Microsoft (MSFT US), Amazon.com (AMZN US) and Apple Inc (AAPL US) but similar to other indices its within touching distance of our target area hence although we believe it might outperform for a while the easy risk/reward money feels like it’s behind us for now.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM is neutral to slightly bullish US tech
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