Stock market analysis: Trading and investing in NASDAQ [Video]

Peter Mathers TradingLounge

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)

Author

Peter Mathers

TradingLounge

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

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