Archive by author:
PeterMReturn
Nestled in the cozy nooks of the Blue Mountains, I share my digs with Marcia (the chief of home affairs) and Minke (our fur-baby with a penchant for tail-wagging). Ah, the markets! I've been rubbing elbows with them since the 80s – neon leg warmers, mullets, and all. Now, while some folks love puzzles or sudoku, I'm more about deciphering the wild scribbles of the financial market. For me, they’re like windows to the zany dance of the world. Plus, they let me pretend I'm a detective, trying to crack the code of ever-shifting market patterns. Building TradingLounge? Think of it as my arts and crafts project – it’s the cherry on top of my market sundae, and boy, is it a delicious venture! 🍒📈🤣
18May
PeterM |
18 May, 2024
|
Elliott Wave,
NASDAQ,
tech stocks,
NDX,
SPX,
Bitcoin,
BTC,
Apple,
AAPL,
Tesla,
TSLA,
Amazon,
AMZN,
Nvidia,
NVDA,
Microsoft,
MSFT,
Meta Platforms,
META,
Netflix,
NFLX,
Alphabet,
GOOGL,
trading strategies,
stock analysis,
technical analysis,
swing trading,
stock trends |
US Stocks |
0 Comments |
This analysis covers the Elliott Wave patterns and trading strategies for top NASDAQ tech stocks including NASDAQ 100 (NDX), S&P 500 (SPX), Bitcoin (BTC), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL). The general Elliott Wave count for these stocks suggests a pattern of v of (v) of iii) of 1 of (5) of 3), with many stocks moving similarly intraday. The markets are expected to move higher through a series o...
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16May
PeterM |
16 May, 2024
|
Elliott Wave,
technical analysis,
SP 500,
NASDAQ,
QQQ,
SPY,
DAX,
FTSE,
ASX200,
bullish markets,
trading strategy,
market analysis,
wave counts,
Risk On |
Indices |
0 Comments |
Elliott Wave Analysis Summary: Indices
SP 500 & NASDAQ
- Current wave: v of (v) of iii) of 1 of (5) of 3) of I.
- Today’s analysis will include QQQ, SPY, DAX, FTSE, and ASX200.
- Focus: Bigger picture and intraday wave counts.
Market Outlook:
- Markets are bullish, entering Elliott Wave iii) of 1.
- Expect a possible correction in the next session due to Employment figures, leading to Wave iv), followed by a bullish move higher as Wave v) of 1.
Trading Strategy:
- Strategy ...
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15May
PeterM |
15 May, 2024
|
Elliott Wave analysis,
Bitcoin,
Ethereum,
Gold,
Silver,
Copper,
Commodity market,
Cryptocurrency,
TLT bonds,
US 10-year yields,
USD/DXY,
Uranium,
Crude oil,
Natural gas,
Market update |
Commodities |
0 Comments |
Commodity Market Elliott Wave Analysis Summary
- Dollar (DXY) Should continue to show weakness giving strength to AUD, GBP and EUR etc.
TLT Bonds continue to move higher developing into an impulse wave structure.
- Bitcoin (BTC) Short futures contracts are keeping Bitcoin's price low, but Elliott Wave analysis suggests Wave (4) is at its low, with Waves 1 and 2 potentially forming.
- Ethereum (ETH) Trading below 3000, Ethereum shows weakness and could make a new low, while DOGE appears ...
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11May
PeterM |
11 May, 2024
|
Elliott Wave Analysis,
NASDAQ 100,
Tech Stocks,
NDX,
SP500,
QQQ ETF,
Trading Strategies,
Market Trends,
Apple,
Tesla,
Amazon,
Nvidia,
Microsoft,
Meta Platforms,
Netflix,
Alphabet |
US Stocks |
0 Comments |
This summary provides a comprehensive Elliott Wave analysis of the NASDAQ 100 (NDX) and major technology stocks including the QQQ ETF, SP500 (SPX), SPY, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL). It highlights a slow, upward trend in US indices and key stocks, driven by strategic responses to supply constraints and Fibonacci levels. The analysis underscores the importance of managing long positions and ...
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09May
PeterM |
09 May, 2024
|
Elliott Wave Analysis,
S&P 500,
NASDAQ 100,
DAX 40,
FTSE 100,
ASX 200,
Stock Market Trends,
Long Trade Strategy,
Market Forecast,
Technical Analysis |
Indices |
0 Comments |
Today's stock market analysis focuses on the Elliott Wave technical assessment of major indices including the S&P 500 and NASDAQ 100. We highlight the current positions in Wave (iv) of i) of 3 of (5) of 3, anticipating the peak of Wave i) and an ensuing corrective retracement, which signals an optimal long trade setup. The analysis also extends to the DAX 40 and FTSE 100, comparing the timing of their Elliott wave counts. With the prevailing trends expected to last over a month, the strategi...
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08May
PeterM |
08 May, 2024
|
crypto,
commodities markets,
commodity trading,
Commodities Market News,
bitcoin,
btc,
spot gold,
silver,
crude oil,
copper,
dxy,
us dollar,
forex,
commodities,
futures,
elliott wave,
technical analysis,
natural gas,
dollar index,
commodity analyst,
elliott wave gold,
elliott wave today,
futures trading strategies,
precious metals,
elliott wave analysis,
ura etf |
Commodities |
0 Comments |
The latest Elliott Wave Analysis for the commodity market suggests a positive trajectory for cryptocurrencies and potential gains in non-leveraged gold and silver stocks. Base metals remain strong, while crude oil is expected to rise from its current phase. However, the DXY, TLT Bonds, and US 10-year yields need additional price movements to establish a clear direction.
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04May
PeterM |
04 May, 2024
|
Elliott Wave Analysis,
NASDAQ 100,
SP500,
Bitcoin,
Cryptocurrency,
Tech Stocks,
Apple Earnings,
Stock Market Trends,
AMZN,
META,
TSLA,
NFLX |
US Stocks |
0 Comments |
Elliott Wave Analysis indicates a strong upward trend in NDX tech stocks, suggesting that the Wave (4) low for NASDAQ 100 and SP500 might already be in place. This trend supports the continued building of long positions in various markets, including cryptocurrencies like Bitcoin. Additionally, recent earnings from Apple have provided a boost to the tech sector. Despite some stocks like AMZN, META, TSLA, and NFLX showing minimal movement, their formation of impulse waves suggests a positive traje...
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02May
PeterM |
02 May, 2024
|
Elliott Wave Analysis,
SP 500,
Nasdaq 100,
Bearish Trends,
Bullish Patterns,
Market Analysis,
Financial Forecasting,
DAX 40,
FTSE 100,
ASX 200,
RUSSELL 2000 |
Indices |
0 Comments |
The Elliott Wave analysis of the SP 500 and Nasdaq 100 indices suggests a predominant bearish trend with potential for further declines. However, there remains a minor possibility of a bullish reversal, though it would likely experience further downward movement before any recovery.
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01May
PeterM |
01 May, 2024
|
Bitcoin,
TLT Bonds,
US 10 Yr. Yields,
USD/ DXY,
Gold,
Silver,
Copper,
Uranium,
Crude Oil,
Natural Gas,
gbtc,
ethereum,
Elliott Wave,
analysis,
trading strategies |
Commodities |
0 Comments |
Commodity Market Elliott Wave Analysis Update: The dollar and yields are on the rise, while gold, silver, bitcoin, eth/usd, copper, oil, and gas are facing downward pressure. This trend of weakness is anticipated to persist through upcoming trading sessions. Additionally, keep an eye on the Fed's meeting and forthcoming employment figures, including the lead-in private employment ADP figures in the next session
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27Apr
PeterM |
27 Apr, 2024
|
Elliott Wave analysis,
NASDAQ 100,
tech stocks,
trading strategies,
Apple,
Tesla,
Amazon,
Nvidia,
Microsoft,
Meta Platforms,
Netflix,
Alphabet,
stock market trends,
investment guide,
risk management |
0 Comments |
The summary of the Elliott Wave analysis for NASDAQ tech stocks indicates that there might be a potential for building long positions as the Wave (4) low appears to be in place, suggesting a shift to a "Risk On" trading stance. However, there remains a risk that Wave (4) has not fully established itself. Investors are advised to manage this risk carefully while preparing to increase long positions safely if the market confirms the Wave (4) setup, anticipating further upward trends.
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