$NASDAQ 100(NDX)$ 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.

$Apple(AAPL)$  fell with great downward momentum. we might be looking at 173. 

$Microsoft(MSFT)$  might be revisiting325.

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

# Tech Stocks Pullback: What's Next?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment10

  • Top
  • Latest
  • PorterLamb
    ·01-05
    TOP
    Wow, that's quite a detailed analysis! Sounds like you've put a lot of thought into it. It's always interesting to see different perspectives on the market. Cheers to @Asphen, @koolgal, and @TigerStars for their insightful posts! And thanks to @TigerWire for keeping the discussions lively. Happy trading, everyone! 🚀💸
    Reply
    Report
    Fold Replies
    • melson
      [Happy] c'est mon plaisir
      01-05
      Reply
      Report
  • DdAlpha1
    ·01-08
    TOP

    Great ariticle, would you like to share it?

    Reply
    Report
    Fold Replies
    • melson
      [Happy]🍀
      01-08
      Reply
      Report
  • LMSunshine
    ·01-08
    TOP
    Thanks buddy for tire insight post ❣️
    Reply
    Report
    Fold Replies
    • melson
      [Happy] [Love]
      01-08
      Reply
      Report
  • Tangan
    ·01-08
    Thanks
    Reply
    Report
    Fold Replies
    • melson
      [Happy] [Salute]
      01-08
      Reply
      Report
  • Aqa
    ·01-05
    Liked!
    Reply
    Report
    Fold Replies
    • melson
      [Happy]✨
      01-05
      Reply
      Report