Stocks analysis overview: Looking for stocks to correct their current move up, for the next trade set ups for Friday or lat Thursday arvo.
US Stocks Elliott Wave Analysis: Please Note that these wave count may change as in the video.
Amazon AMZN Elliott Wave Wave (4).
Alphabet GOOGL Elliott Wave Wave (4).
Apple AAPL Elliott Wave (4).
Microsoft MSFT Elliott Wave (4).
Square SQ Elliott Wave (4).
Facebook FB Metaverse Elliott Wave (4).
Tesla TSLA Elliott Wave (4).
Video Chapters:
00:00 Amazon Elliott Wave Technical Analysis.
05:35 Alphabet Elliott Wave Technical Analysis.
08:52 Apple Elliott Wave Technical Analysis.
13:09 Square SQ Elliott Wave Technical Analysis.
16:33 Facebook Meta Platforms (META) Elliott Wave Technical Analysis.
22:41 Tesla Elliott Wave Technical Analysis.
27:46 Microsoft Elliott Wave Technical Analysis.
32:24 JPMorgan Chase (JPM) Elliott Wave Analysis.
35:27 Thank you for watching US Stocks Elliott Wave Analysis.
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Editors’ Picks
AUD/USD remained bid above 0.6500
AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.
EUR/USD faces a minor resistance near at 1.0750
EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.