In today’s market update, Stephen Whiteside analyzes the Magnificent Seven stocks within the Nasdaq 100, highlighting a major shift from a bull market in 2024 to a bear market in 2025. The Nasdaq 100 has been on a weekly sell signal for five weeks, with key support levels being tested. While Apple remains on a buy signal, other major stocks like Amazon, Broadcom, Alphabet, Meta, Microsoft, Nvidia, and Shopify are all back on sell signals. Whiteside emphasizes that buy signals in 2025 don’t hold the same weight as in 2024, as the market is now making lower highs and lower lows.
He notes that major tech stocks continue to lead the market downward, with the Nasdaq 100 and Magnificent Seven ETF facing resistance at moving averages and the Flypaper Channel. Tesla, still on a buy signal, is struggling at key levels, with downside projections targeting $138.80. Whiteside underscores that the focus in 2025 should be on selling rather than buying, advising traders to consider bear ETFs for better returns. He concludes by reminding viewers that timing is crucial and encourages them to visit TheUpTrend.com for further market insights.
Stephen Whiteside
Sunday, March 30, 2025
