$NASDAQ 100(NDX)$ made 9 consecutive weekly gains, usually 5 is the norm. when gains exceed 5 consecutive gains, the pullback will usually be very sharp. hence, looking at the pnf chart, a pullback to 14,500 is possible. this is coupled with market being disappointed with fed official's estimated rate cuts in end of 2024 rather than mar 2024. it is expected that us economy will fall into recession in the first half of 2024.
$Apple(AAPL)$
$Microsoft(MSFT)$
tech stocks are very sensitive to interest rates. since interest rates are going to stay high for longer, tech stocks will be beaten as pivot guys run road and shortists give chase.
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
merci beaucoup @Asphen and@koolgal for insightful posts
merci beaucoup@TigerStars for the award and reviewing our posts
merci beaucoup@TigerWire for so many hot topics to post
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