Trader's Thoughts on the Market Wall Street Phantom

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.