[00:00:00]: Introduction and Overview
[00:00:32]: Market Sentiment and Seasonality
[00:01:05]: Nasdaq Analysis
[00:02:10]: ETF Signals Overview
[00:03:10]: Apple Stock Analysis
[00:04:22]: Amazon Stock Analysis
[00:04:41]: Alphabet Stock Analysis
[00:05:02]: Nvidia Stock Analysis
[00:05:26]: Shopify Stock Analysis
[00:06:13]: Tesla Stock Analysis and Conclusion
In today’s update, Stephen Whiteside of TheUpTrend.com analyzes the current state of the Magnificent Seven stocks and the broader market conditions. He begins by noting the rising fear in the market as indicated by the VIX’s daily and weekly buy signals. Whiteside discusses key targets and resistance levels for the Nasdaq 100, emphasizing that the market has been long-term bearish but could see an upward move toward the end of the year.
Whiteside delves into the performance of individual stocks like Apple, Nvidia, and Tesla, highlighting critical sell signals and price targets. He emphasizes the seasonally weak period for markets in September and October and advises caution as the chip sector leads the market lower. A shift in the VIX could signal a change in market tone.
Stephen Whiteside
TheUpTrend.com
Saturday, September 7, 2024
