Elliott Wave analysis: Nasdaq and top tech stocks [Video]

Peter Mathers TradingLounge

Stock Market Investing Trading: NASDAQ, SP 500, Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL.
Stock Market Summary: Monday to open higher and close lower, the video talks about preparing for a short trade, that can start on the Monday, however the safer short trade setup, will be Tuesday, if all goes according to plan.
Trading Strategies: Looking to short a Wave two corrective rally.

Video chapters

00:00 XLK / NDX / SP 500
05:15 Apple (AAPL)
11:49 Amazon (AMZN)
14:49 NVIDIA (NVDA)
16:12 Meta Platforms (META)
17:38 Netflix (NFLX)
19:04 Alphabet (GOOGL)
23:27 Tesla (TSLA)

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

EUR/USD holds lower ground near 1.1850 ahead of EU/ US data

EUR/USD remains in the negative territory for the fourth successive session, trading around 1.1850 in European trading on Friday. A broadly cautious market environment paired with modest US Dollar demand undermines the pair ahead of the Eurozone GDP second estimate and the critical US CPI data.

GBP/USD keeps losses around 1.3600, awaits US CPI for fresh impetus

GBP/USD holds moderate losses at around 1.3600 in the European session on Friday, though it lacks bearish conviction. The US Dollar remains supported amid softer risk tone and ahead of the US consumer inflation figures due later in the NA session on Friday.

Gold trims intraday gains to $5,000 as US inflation data loom

Gold retreats from the vicinity of the $5,000 psychological mark, though sticks to its modest intraday gains heading into the European session. Traders now look forward to the release of the US consumer inflation figures for more cues about the Fed policy path. The outlook will play a key role in influencing the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion.