
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.