Stock market analysis and trading strategies: NASDAQ,QQQ, Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL.
Stock Market Summary: Elliott Wave count Indices Wave (iv) of c) of 4. This is the main count for stocks, of course some stocks are slightly different, and I will try to explain the different patterns today. The Wave (iv) in move cases has not started, second this wave (iv) makes it difficult to trade the markets and is not recommended to trade, Once the Wave (iv) is completed we can look to short into Wave (v), however, that said, our main focus should be on the ending of Wave 4 setting up for long trades, perhaps later in the week.
Trading Strategies: Short side.
Video chapters:
00:00 NASDAQ 100 (NDX)
04:42 Apple (AAPL)
07:43 Amazon (AMZN)
09:48 NVIDIA (NVDA)
12:44 Meta Platforms (META)
14:37 Netflix (NFLX)
15:35 Alphabet (GOOGL)
17:06 Microsoft MSFT
18:15 Tesla (TSLA)
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EUR/USD retreats below 1.0850 ahead of Fedspeak
EUR/USD stays under modest bearish pressure and trades in negative territory slightly below 1.0850 after closing modestly lower on Thursday. In the absence of macroeconomic data releases, investors will continue to pay close attention to comments from Federal Reserve officials.
GBP/USD stays under modest bearish pressure near 1.2650
GBP/USD edges lower toward 1.2650 after posting marginal losses on Thursday. The US Dollar holds its ground following the selloff seen after April inflation data and makes it difficult for the pair to gain traction. Fed policymakers are scheduled to speak later in the day.
Gold holds steady above $2,380, Fed speakers in focus
Gold trades with a positive bias on Friday and holds above $2,380. The benchmark 10-year US Treasury bond yield stays flat near 4.4% following Thursday's rebound, allowing XAU/USD to keep its footing ahead of speeches from Fed officials.
XRP steadies at $0.51 as Ripple plans to expand XRP Ledger, custody services in Africa
Ripple hovers close to $0.51 on Friday, above the psychologically important $0.50 level, as traders await the court ruling of the lawsuit against the US SEC and amid new commitments from the firm to expand its services in Africa.
Disputes and De-risking: US-China trade dispute changes trade flows
The bilateral trade dispute between the US and China is entering a new round and is leading to renewed discussions about the deglobalisation of global trade in goods.