The NASDAQ 100 (NDX), SP500 (SPX), and major tech stocks like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), and Bitcoin (BTC) are firmly in a bullish cycle, currently in wave (1) of 5.
As markets progress through wave (1), we've surpassed the midpoint, reaching wave (iv) of iii) of 3 of (1). Now, we are navigating a series of fours and fives, with wave iv) and minor wave 4 likely to be sideways and complex. Patience is key.
Trading strategy
Hold long positions without adding more at this stage, as upward momentum may slow. Begin considering target zones for taking profits on selected stocks.
Video chapters
00:00 NASDAQ 100 (NDX)
06:28 Apple (AAPL)
08:22 Amazon (AMZN)
08:56 NVIDIA (NVDA)
10:52 Meta Platforms (META)
11:57 Netflix (NFLX)
13:08 Alphabet (GOOGL)
14:49 Microsoft MSFT
15:53 Tesla (TSLA)
17:09 Bitcoin
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
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