Companies Analyzed: Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms, Netflix (NFLX), Alphabet (GOOGL)
Stock market overview: The current NASDAQ trends are hinting at a decrease in selling pressure, although the downward movement has not yet finished. The Elliott Wave structures reveal that the lows are not yet established and this may continue to unfold until Wednesday's FOMC meeting.
Elliott Wave insight: Elliott Wave analysis indicates that the downward structures are still ongoing. However, the movement towards lower values is expected to be inconsistent and choppy, possibly correlating with a July-August bullish Elliott Wave corrective pattern nearing its completion.
Investment strategy: At the moment, it's advisable to adopt a "risk-off" trading strategy due to the overall market sentiment and potential risks involved. Investors are encouraged to monitor market trends, conduct individual stock research, and possibly consider long trades later in the trading week on Thursday or Friday morning. Remember, informed decisions are crucial for successful investment in the ever-changing stock market landscape.
Video chapters
00:00 NASDAQ 100
4.23 Apple (AAPL)
10:52 Amazon (AMZN)
12:36 NVIDIA (NVDA)
17:05 Meta Platforms (META)
18:46 Netflix (NFLX)
20:53 Alphabet (GOOGL)
23:55 Microsoft MSFT
25:55 Tesla (TSLA)
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.
Recommended content
Editors’ Picks

NZD/USD turns positive above 0.5700 after RBNZ Orr's presser
NZD/USD returns to the green above 0.5700 early Wednesday. The RBNZ's expected 50 bps interest rate cut to 3.75% in February and signals on future rate cuts weighed on the Kiwi before the pair rebounded on Governor Orr's press conference.

AUD/USD keeps range near 0.6350, Fed Minutes eyed
AUD/USD trades in a range around mid-0.6300s early Wednesday. The cautious market mood, the RBNZ dovish rate cut and Trump's tariff threat-led US Dollar upside remain a drag on the Aussie. Focus shifts to the Fed Minutes amid trade war fears.

Gold price remains close to record high near $2,940 amid trade tensions
Gold price treads water near $2,940 in the Asian session on Wednesday, remaining near the record high as worries that Trump's reciprocal tariffs could trigger a global trade war continue to act as a tailwind for the safe-haven bullion. Fed Minutes is next on tap.

Bitcoin stretches losses as CME premiums dip, Strategy aims to purchase $2 billion worth of BTC
Bitcoin continued its downward trend on Tuesday as K33 Research's weekly report indicated growing declines in BTC CME premium and yields. Meanwhile, Strategy announced plans to issue $2 billion worth of senior convertible notes.

Rates down under
Today all Australian eyes were on the Reserve Bank of Australia, and rates were cut as expected. RBA Michele Bullock said higher interest rates had been working as expected, slowing economic activity and curbing inflation, but warned that Tuesday’s first rate cut since 2020 was not the start of a series of reductions.

The Best Brokers of the Year
SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.