For the previous weekly analysis, check here Weekly Market Analysis!
Reflecting back, last week’s analysis was pretty reliable. NDX has broken out and lead to a new ATH.
Problem is, the NDX is fast approaching the 1.618 fib and depending on certain charts, that’s either at the 14500 or 14800 level. For the sake of simplicity, let’s say it is at 15000. We tend to see good pullbacks at the 1.618 fibs so we could get a nice buying opportunity in the next coming weeks! Get your money ready or drip buy if you prefer.
Some large caps look pretty good to me and I’ve put in a considerable amount. Namely, the large caps that cover multiple sectors have a good chance of going against market trends so keep your eyes peeled!
Let me know your thoughts! You can find me on Twitter @get_investing
Also, @saad had a few ideas of how you could drive valuable, informative content to users of Zoya so drop me a DM on Twitter and let’s speak!
Hopefully, the markets are good this week and we make some money!
GI