Swing trading - SP500, NASDAQ, AAPL, AMZN, NVDA, META, NFLX, GOOGL, MSFT, TSLA.
Elliott Wave analysis and trading strategies for NASDAQ tech stocks
This analysis provides insights into the Elliott Wave patterns observed in major NASDAQ stocks, including the NASDAQ 100, S&P 500, and key companies like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL).
Currently, we assess that the Wave (4) low may have been established across these indices, signaling a potential shift to a "Risk On" stance. This scenario suggests that building long positions in most technology stocks could be increasingly viable. However, the inherent risk lies in the possibility that Wave (4) may not yet be fully in place. As a precaution, we continue to manage existing risks carefully. Should the market conditions confirm the placement of Wave (4), we will be better positioned to safely escalate our long trading positions in anticipation of the next upward movement.
Video chapters:
00:00 NASDAQ 100 (NDX) SP500 (SPX)
01:43 Apple (AAPL)
03:26 Amazon (AMZN)
04:18 NVIDIA (NVDA)
05:13 Meta Platforms (META)
05:54 Netflix (NFLX)
06:31 Alphabet (GOOGL)
07:20 Microsoft MSFT
08:00 Tesla (TSLA)
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks
AUD/USD maintains its constructive bias above 0.6600
Further weakness in the US Dollar prompted AUD/USD and the rest of the risk-associated space to regain some balance and surpass once again the key barrier at 0.6600 the figure.
EUR/USD finds thin gains on Monday, but technicals weigh heavy ahead of US inflation updates
EUR/USD found slim upside on Monday, climbing from early bids near 1.0770 but bullish momentum remains limited with the pair struggling to break above the 1.0800 level.
Gold loses its bright amid mixed market mood
Gold prices retreated sharply on Monday from near $2,350 even though US Treasury yields declined, undermining appetite for the Greenback. Traders brace for a busy economic docket in the United States. The XAU/USD trades around $2,336, down 1% amid a risk-on impulse.
Top meme coins post gains following increased social activity amid GameStop pump
Meme coins in the crypto market saw impressive gains on Monday following a recent surge in GameStop stock. The increased attention surrounding these tokens signifies a potential resumption of the meme coin frenzy of March.
Dow Jones Industrial Average stumbles on Monday after consumer inflation outlook rises
DJIA kicked off the new trading week softly higher before getting knocked back after the Federal Reserve Bank of New York revealed that consumer inflation expectations for the coming year accelerated to 3.3%.