📺 Gold Spike Triggers Nasdaq Dump As Expected
From Live Trading Room (03.05.24)
In this short clip from Live Trading Room (03.05.24), I discuss market trends and specific trading opportunities, highlighting the extended but not short-worthy status of gold.
I emphasize not shorting at an all-time high and not buying at an all-time low, using recent market movements and specific stock examples to illustrate my points.
I also touch on the broader market context, including the NASDAQ's softness and the rotation into banks, while cautioning about potential volatility and market shifts.
📺 In this episode:
00:00 Introduction To Gold Trading Strategy
01:14 Shake 'n Bake Week & Tesla Short Analysis
02:11 Gold Market Update & Trading Strategy
03:16 Detailed Gold & QQQ Analysis
04:30 Nasdaq Softness & Bank Rotation
05:31 Analysis Of Selling Pressure & Market Levels
07:18 Weekly Market Forecast & Trading Strategy
08:25 Trend Analysis For Tesla & Other High Flyers
09:24 Silver Market Trends & Comparison With Gold
10:18 GDX & Gold Miners' Analysis
11:26 Apple Trend Reversal & Tech Sector Analysis
13:01 Market Momentum & Option Flow Insights
14:01 Market Support Levels & Selling Patterns
15:01 Market Volatility & Trading Strategy
16:07 Intraday Trading Considerations & Volume Analysis
16:59 Long-Term Market Outlook & Options Activity
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