Weekly Technical Update: Nasdaq 100 - Sunday, Aug. 4

Time, Time Management, Stopwatch, Industry, Economy

Image Source: Pixabay

In this video, I review the week's price action for both the cash and futures markets. There was plenty of activity via earnings reports, economic data, changes in "flows," and the growing possibility of an extended conflict in the Middle East. The Nasdaq 100 remains within a minor 4th wave correction. 

I also discuss Intel (INTC), which took a serious nosedive after presenting abysmal earnings and announcing layoffs for 15,000 employees "to improve profitability."

00:35:02


More By This Author:

Nasdaq 100 & S&P 500 Elliott Wave Update - Thursday, Aug 1
Nasdaq 100 & S&P 500 Elliott Wave Update - Wednesday, July 31
Nasdaq 100 & S&P 500 Elliott Wave Update - Tuesday, July 30

Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with