Stock Waves Charts Video: JPM, BA, MSFT, AAPL & More

Today's Stock Waves Charts of the Day video focuses on the mega-cap names we follow.

JPM, which reported this morning, looks like it's going to continue lower to the 140 to 130 region at least.

BAC, which is set to report, could easily have topped and be starting the A-B-C down for the (B) wave ideally towards the 34 region, if not a little bit lower. 

MSFT was in the news today because it announced it's acquiring Activision.  It's possible that the c wave down is starting instead getting a higher bounce in the b wave.  If it can't get over 311.50 and starts to break any lower under 299, it is likely heading down to the lower 270's in more of a direct manner for that c wave of (4).

AAPL is not nearly as far along relative to MSFT in the larger 4th wave, but does look like it's in a micro c wave down targeting the 157 to 153 region.

View the video for more detail on these stocks as well as NVDA, AMD, UNH, PG and INTC.

Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.