You may remember from previous weekly newsletters that I talked about the American indexes and related ETFs breaking all-time highs and the bearish correction we are expecting on Nasdaq, QQQ and some IT stocks like Amazon, Apple, Tesla and Microsoft.
The video attached below goes over some of the last basic supply and demand analysis that have been published on my YouTube channel. Many traders will get very excited to see that Nasdaq e-mini and #QQQ ETF are breaking all-time highs. I am pretty sure that many traders are long on these indexes and on many IT stocks. Why are these traders opening new bullish positions on IT stocks? Well, they see that all-time highs are being broken on Microsoft #MSFT, Apple #AAPL, Tesla #TSLA, Amazon #AMZN and many other IT stocks.
However, they are missing a critical point. Those stocks are VERY expensive. Not only that, they are also ignoring the forces of supply and demand, which ultimately move the markets.
If you go back in time and watch some of my older YouTube videos on my YouTube channel, you will see dozens of examples of before the fact analysis explaining the exact same thing only to see price doing as expected and explained in those basic technical analyses. Forex and Stocks are being discussed on a daily and weekly basis at Set and Forget trading community
Waiting and patience are critical to trading Forex and Stocks successfully. Below you will see a couple of examples of what we are expecting to happen on Nasdaq index, Amazon #AMZN, Apple #APP, USDCAD and EURNOK. Will it happen as expected? I don’t know. Just take a look at my Supply and Demand YouTube channel and see some of the basic video analyses that I’ve shared in the past for EURUSD, EURNOK, APPLE, MICROSOFT, TESLA and so many others. These trades were called months before the price reached the price levels. There are no tricks, the videos speak by themselves.
I’ve received a few personal emails and some comments on the previous supply and demand Forex and stock analysis updates posted in my blog and my YouTube channel. Some of these comments specifically mentioned that my analysis is wrong, that supply and demand cannot be applied to stocks or forex or even cryptocurrencies. Well, how can I be wrong if prices have not pulled back to the imbalances mentioned in the basic supply and demand forecasts for Forex and stocks? It’s funny to see how beings behave when they are presented with an idea they disagree with. They will just criticize it and tag it as wrong and incorrect. Fortunately, my YouTube channel speaks by itself with many examples of Forex and Stocks analysis and forecasts over years that have played out as explained and expected.
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