Regardless of analyst forecasts or political headlines, there’s no catalyst for stocks quite like earnings season. And the first earnings season of the year, which we’re just now getting into the heart of, can often set the tone for the entire year.

The question traders are asking is whether the inherent promise and obvious momentum behind Alibaba will carry its price past $200, which it’s never crossed. That big technical level, combined with recently increased selling pressure in the last month, is why Marc Chaikin’s Chaikin Power Gauge is only neutral on the stock.

However Oppenheimer, Baird, Barclays and Wells Fargo all have price targets greater than that level, so we’ll see what happens after earnings. You’d have to think that an earnings per share and revenue beat of any kind would send the stock over that price.

For Alphabet, this means part of an estimated $64 billion is set to come back to America. As far as the tax holiday goes, the estimations for these companies are generally rosy in the long run, with investors bullish for increased dividends and more attractive valuations as the tech behemoths manage any strategic debt they can.

Alphabet’s outlook among both analysts and within the Chaikin Power Gauge’s 20-factor model are both very bullish.  fundamental, technical, and sentiment-based factors used by the Chaikin Power Gauge is very bullish.

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For Apple, this earnings season will largely revolve around the same figure that it usually does: sales of the company’s core product, the iPhone. Critically, this is the first quarter of the iPhone X, which has been the subject of some, shall we say, negative press.

These concerns have led to mixed sentiment among analysts and a neutral rating on the Chaikin Power Gauge. Similar to Alibaba, Apple has maintained a strong bottom line, but is also relying heavily on China for growth.