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

Peter Mathers TradingLounge

Stock market analysis and trading strategies: NASDAQ 100, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL).
Stock Market Summary: The big picture is bullish, medium-term topping and short term the current trend up, has higher price levels to go, however the next session can see a small rally then a dip before the trend resumes higher. This dip will offer a buying opportunity for short-term swing traders. In the video I talk about this trade set up - If we do see this dip, then I can refine the entry in the next video.
Trading Strategies: Open trades / manage risk.

Video chapters:

00:00 NASDAQ 100 (NDX)
02:05 Apple (AAPL)
05:38 Amazon (AMZN)
07:19 NVIDIA (NVDA)
09:14 Meta Platforms (META)
11:04 Netflix (NFLX)
12:21 Alphabet (GOOGL)
14:09 Microsoft MSFT
18:23 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.

EUR/USD remains bid, focus stays on 1.1900

EUR/USD has broken its two-day run of losses and is ticking modestly higher on Thursday, hovering around the 1.1880 area as the US Dollar struggles to find clear direction. Weekly Initial Jobless Claims rose more than expected, taking a bit of shine off the Greenback, but markets are largely in wait-and-see mode ahead of Friday’s US CPI release.

GBP/USD sticks to the bid bias, still below 1.3700

GBP/USD is trading with decent gains around 1.3650 on Thursday. Indeed, Cable is attempting to shake off the weakness seen earlier in the week amid another choppy session for the Greenback, while a run of disappointing UK data has so far failed to derail the pair’s tentative recovery.

Gold recedes slightly, trades below $5,100

Gold remains stuck in choppy trade on Thursday, deflating marginally just below the $5,100 mark per troy ounce as the US Dollar drifts without a clear trend. Softer US Treasury yields across the curve are offering some support, but with markets treading carefully ahead of Friday’s US CPI release, conviction remains limited and price action continues to look hesitant.