Elliott Wave analysis: Nasdaq 100 and top tech stocks [Video]

Explore the latest insights in Elliott Wave analysis for the NASDAQ 100 and prominent technology stocks including Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL). This analysis aims to provide traders and investors with strategic perspectives to navigate the market effectively.

Elliott Wave analysis overview for NASDAQ 100

The NASDAQ 100 is currently experiencing a significant bullish phase, marked by the progression of Wave iii of (iii) of iii), which suggests a strong upward trajectory in alignment with the overarching Elliott Wave pattern. This bullish momentum is expected to continue, especially if the index solidifies its support level around 18,300 (Subgroup 1). Achieving this milestone would indicate a potential move away from the 18,000 mark, setting the stage for an ambitious target of 20,000. During this phase, holding onto most stock positions could be a wise strategy, leveraging the upward trend for gains.

Strategic trading moves and recommendations

Our strategic trading approach has been timely and effective, focusing on bolstering long positions in anticipation of continued market growth. Recent actions include the addition of another long position in Nvidia (NVDA), highlighting our confidence in its potential for significant returns. This decision, along with our consistent strategy of adding to long positions, is designed to capitalize on the current market dynamics.

Additionally, we have expanded our portfolio to include three long-term trades from the NYSE exchange, diversifying our investment approach and tapping into new opportunities for growth. These carefully selected positions are part of our broader strategy to maximize returns through a mix of short-term gains and long-term investment stability.

Navigating the market with Elliott Wave principles

The Elliott Wave principle offers a structured framework for understanding market cycles and investor sentiment, making it a valuable tool for predicting market movements. By analyzing wave patterns, traders can identify potential entry and exit points, maximizing their investment opportunities. This latest analysis of the NASDAQ 100 and select technology stocks underscores the importance of adhering to the Elliott Wave principles for strategic trading and investment decisions.

Conclusion

As the NASDAQ 100 continues its upward journey, backed by strong performances from leading technology stocks, investors and traders equipped with Elliott Wave analysis can navigate the market with greater confidence and precision. By staying aligned with the wave patterns and adjusting strategies accordingly, there is a significant opportunity to benefit from the ongoing bullish trend. Keep an eye on the support levels and be ready to leverage the potential move towards the 20,000 mark, ensuring your portfolio is positioned to capture the growth ahead.

Video chapters:

00:00  NASDAQ 100 (NDX) SP500
05:10 Apple (AAPL)
05:55 Amazon (AMZN)
07:35 Meta Platforms (META)
10:56 NVIDIA (NVDA)
14:16 Netflix (NFLX) 
16:42 Alphabet (GOOGL)
17:45 Microsoft MSFT
19:08 Tesla (TSLA)