Trader's Thoughts on the Market

All content and information provided in this podcast, including my personal perspectives, market analysis, and forecasts, are intended solely for education and entertainment. They do not constitute any form of investment advice or recommendation.

All content and information provided in this podcast, including my personal perspectives, market analysis, and forecasts, are intended solely for education and entertainment. They do not constitute any form of investment advice or recommendation.

All content and information provided in this podcast, including my personal perspectives, market analysis, and forecasts, are intended solely for education and entertainment. They do not constitute any form of investment advice or recommendation.

 All content and information provided in this podcast, including my personal perspectives, market analysis, and forecasts, are intended solely for education and entertainment. They do not constitute any form of investment advice or recommendation. 

All content and information provided in this podcast, including my personal perspectives, market analysis, and forecasts, are intended solely for education and entertainment. They do not constitute any form of investment advice or recommendation. Starting with Ticker QQQ, the Nasdaq-100 Index ETF. Last Friday witnessed a market decline of 1.7%, and we anticipate a rebound as the market opens next week. Currently, we stand at a pivotal juncture; should QQQ manage to breach the $378 level, we can foresee an uptrend persisting for a span of one to two months. Conversely, it might undergo high-level fluctuations before progressively retracing to a support level at $320. Next, we shift our focus to Ticker NVDA, representing NVIDIA Corp. Its trajectory will significantly be influenced by the directional choice adopted by QQQ. Should the broader market opt for a pullback, we might observe NVDA declining below the $414 threshold. Turning our attention to Ticker AMD, denoting Advanced Micro Devices. It is poised for a continued descent, albeit with a formidable support looming near the $92 mark. Moving on to Ticker SQQQ, the ProShares UltraPro Short Nasdaq ETF. According to its current trajectory, there is a high propensity for ongoing elevation, initially targeting the vicinity of $20, followed by a prospective surge towards $22. Next up is Ticker AMC, standing for AMC Entertainment Holdings. The declining momentum is exhibiting signs of abating, signaling stabilization with a short-term marginal rebound anticipated in the range of $13.7 to $15.8. Lastly, we have Ticker TSLA, Tesla Inc. In the near term, we foresee high-altitude fluctuations succeeded by a slight pullback. Nevertheless, the long-term trajectory manifests an upward tendency, portraying a promising outlook.

Ticker QQQ, the Nasdaq-100 Index ETF. If you've been tuned in to our previous episodes, the recent two weeks' market adjustment should have been on your radar. Propelled by the alarm following Tesla's rating downgrade, Nasdaq has kicked into correction overdrive. This retreat is just the tip of the iceberg, and the forthcoming weeks should see a course correction until we touch down at the first support level around $331. Ticker NVDA, NVIDIA Corp. Its consolidation phase, riding high on the uptrend, is about to roll credits, setting the stage for a considerable pullback. Swing traders, brace yourselves, we foresee this correction to unfold from now till mid-July. Ticker AMD, Advanced Micro Devices. In contrast to NVIDIA Corp, AMD is turning up the tempo. A brief bounce back to the vicinity of $118 seems to be in the cards in the coming days. Ticker SQQQ, ProShares UltraPro Short Nasdaq ETF. With the market's downturn as its wind, it's been soaring on a strong rebound and is currently navigating an uptrend. Looking ahead to the next few weeks, the odds are favoring a powerful uptrend, potentially reaching around $23. Ticker AMC, AMC Entertainment Holdings. The downhill trend is losing steam, pointing to some stabilization. A minor rally to around $4.5 in the short term seems plausible.

Welcome to the Trader's thoughts on the market, your daily deep-dive into the dynamic world of financial markets. Equipped with insights and analysis, we aim to uncover the underlying currents driving market trends. Before we begin, it's important to note: All content and information provided in this podcast, including my personal perspectives, market analysis, and forecasts, are intended solely for education and entertainment. They do not constitute any form of investment advice or recommendation. Now let's delve into today's market trends： Ticker QQQ, the Nasdaq-100 Index ETF. The upward movement has been sparked by Nvidia's earnings report, touching the secondary peak of this downtrend phase. This type of situation can't persist indefinitely. We can expect to see signs of a high-level consolidation starting next week. Ticker TSLA, Tesla, has entered a stage of high-level oscillation, followed by a minor correction down to around $230. Ticker NKLA, Nikola, our star stock for yesterday, surged by 29% at closing, with an additional 5% rise post-market. In the short term, Nikola is due for a slight correction down to around $1. Ticker ZM, Zoom, as discussed in our previous episode, after breaking through $70, we can expect an upward trend. Finally, Ticker UVXY, ProShares Ultra VIX Short Term Futures ETF, is showing strong signs of an uptick. In the short term, it could rise to around $2.7 to $2.9. That wraps up our market insights for today. Until we meet again, stay grounded in your investments, yet ambitious in your goals.

Welcome to the Trader's thoughts on the market, your daily deep-dive into the dynamic world of financial markets. Equipped with insights and analysis, we aim to uncover the underlying currents driving market trends. Before we begin, it's important to note: All content and information provided in this podcast, including my personal perspectives, market analysis, and forecasts, are intended solely for education and entertainment. They do not constitute any form of investment advice or recommendation. Now let's delve into today's market trends： Let's start with Ticker QQQ, the Nasdaq-100 Index ETF. Since January 2023, it has officially rebounded and, looking at the long-term trajectory, there's a high probability that it will continue to rise, potentially breaking through 400. However, before that happens, we can expect a consolidation period at high levels over the coming weeks, followed by a mid-to-short term correction. Moving onto Ticker TSLA, Tesla, this impressive uptrend is nearing its end. In the short term, Tesla is poised to experience a correction. But this brief pullback doesn't hinder Tesla's long-term uptrend. Now, let's discuss Ticker NVDA, NVIDIA Corporation. Its short-term movements mirror those of Tesla quite closely. NVIDIA still has a bit of room to grow in the short term, but we can anticipate a slight correction, followed by a marginally larger pullback. Next, we have Ticker SQQQ, the UltraPro Short Nasdaq-100 Index ETF. It might face a bit more downside, but it's due for a rebound in the coming weeks, potentially reaching around $25. Finally, Ticker ZM, Zoom has been quietly consolidating at a lower level since May 2022, which appears to be nearing its end. In the upcoming months, we should see Zoom initiating a short squeeze. Finally, there's Ticker AMD, Advanced Micro Devices. It's likely to oscillate a bit before initiating a pullback, first to the vicinity of $113, and then potentially retracting to a share price of around $102. That wraps up our market insights for today. Until we meet again, stay grounded in your investments, yet ambitious in your goals.