Elliott Wave analysis: S&P 500, Nasdaq 100 and top tech stocks [Video]

Peter Mathers TradingLounge

NASDAQ Stock market Elliott Wave analysis and trading strategies: NASDAQ 100, SP500, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL).

Elliott Wave analysis of stocks:

Todays video is a little different, as the tech stocks are seeing profit taking, I decided to just talk about the bigger picture on the daily charts for the SP500, Nasdaq 100 and the tech stocks and bringing them all together within reason, that is aligning their corrective pattern targets.

Video chapters:

00:00 NASDAQ 100 (NDX) SP500 (SPX)
05:10 Apple (AAPL)
06:20 Amazon (AMZN)
06:57 NVIDIA (NVDA)
07:57 Meta Platforms (META)
08:53 Netflix (NFLX)
09:44 Alphabet (GOOGL)
10:49 Microsoft MSFT
12:44 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.

GBP/USD holds steady below 1.3550 after mixed UK data

EUR/USD consolidates below 1.1475, awaits US data for fresh impetus

Gold falls toward $4,000 as Iran tensions fuel inflation fears

Ripple and Stellar outlook: XRP and XLM rebound as bearish momentum weakens

Ripple and Stellar trade higher as both altcoins extend their recovery after defending key support levels earlier this week. XRP is up more than 2% so far this week, while XLM has rebounded after finding support around $0.177. Improving derivatives metrics and fading bearish momentum indicators suggest the recovery could extend in the near term.

2.25% and holding: Why the BoC, not the barrel, moves the Loonie

The Bank of Canada held its policy rate at 2.25% on Wednesday and published a Monetary Policy Report whose entire disinflation path rests on one assumption: Brent falls to $75 and stays there. That assumption was finalised on Friday and was stale before Governor Tiff Macklem reached the podium.

-0.4%: Why the biggest CPI drop since 2020 couldn't buy back a single cut

The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.