Microsoft and Alphabet earnings after the close

The major stock indices remain pressured with the NASDAQ index down nearly 2% ahead of some key earnings including Microsoft and Alphabet after the close.

A snapshot of the market currently shows:

Dow industrial average is down -241 points or -0.76% at 31749
S&P index down -49.13 or -1.24% at 3917.81
NASDAQ index -225.60 or -1.91% at 11558.10

The NASDAQ index is testing/dipping below its 100 hour moving average at 11566.41 (see blue line in the chart below). Stay below is more bearish:

NASDAQ index is dipping below its 100 hour moving average

So what are investors expecting for the 2 key releases:

For Microsoft:

earnings-per-share $2.29
revenues $52.45 billion
earnings-per-share guidance for Q1 2022 $2.47
fiscal year 2022 $9.29
revenue guidance Q1 2022 $51.53 billion
revenue guidance FY 2022 $198.85 billion
revenue guidance fiscal year 2023 $225.82 billion

Looking at the hourly chart of Microsoft, it fell from its 100 hour moving average near $259.33 currently (blue line in the chart below) and also its 200 hour MA at $257.72. Momentum selling has taken the price all the way down to $249.57. It would take a move back above the 100 hour moving average to tilt the bias back to the upside.

For Alphabet: