Summary:
SP 500, NASDAQ and many stocks in Elliott Wave terms are entering a very powerful point in the trend, that is the Wave iii) of 3 of (3). we already have positions in a handful of markets and will add to positions after Wave ii) in the SP 500 and Nasdaq 100.
This will be the long trade trigger.
Trading strategies: Continue building long trades and adding to positions on the next retracement.
Elliott Wave analysis NASDAQ tech stocks:
- SP500 (SPX): Wave i) of 3 of (3)
- NASDAQ 100 (NDX): Wave i) of 3 of (3)
- Apple (AAPL): Wave iii) of 1
- Amazon (AMZN): Wave ii)
- NVIDIA (NVDA): Wave v) of 1
- Meta Platforms (META): Wave 3
- Netflix (NFLX): Wave 1
- Alphabet (GOOGL): Wave (4) low in place
- Microsoft MSFT: Wave 2
- Tesla (TSLA): Wave (4) In place
- Bitcoin: Wave C of (4)
Key financial events to watch
This week, U.S. financial markets will observe Presidents Day on Monday, February 17, with stock and bond markets closed.
Thursday, February 20: Walmart is scheduled to report earnings, providing a view into consumer spending trends.
Throughout the week: Other notable companies reporting earnings include Alibaba, Baidu, Carvana, and Rivian.
Video chapters:
00:00 S&P 500 (SPX)
09:35 NASDAQ 100 (NDX)
11:34 Apple (AAPL)
15:48 Amazon (AMZN)
17:41 NVIDIA (NVDA)
19:11 Meta Platforms (META)
21:53 Netflix (NFLX)
24:54 Alphabet (GOOGL)
27:25 Microsoft MSFT
29:28 Tesla (TSLA)
32:13 Bitcoin
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