My Thoughts on Current Markets-141


PCI data will come from US. This is data on personal consumption expenditures. Therefore, it is also a leading indicator of inflation. Now, the general expectation of the market we will focus on here is; There is an expectation of 2.6% annually, let's not go too much on this, as if it is a little lower here as a leading indicator, it may create momentum again. While the market gives a 65% chance of an interest rate cut in September, the FED says it may cut 2 interest rates. Therefore, Friday's data may distort the perception here. There may be serious volatility after the American data, both positive and negative. I think we need to be careful, especially on the parity and commodity side.

Nasdaq's catalyst is now known as artificial intelligence companies and the world's most valuable company last week was Nvidia. Then, with this incoming sale, 400 billion dollars were erased. It's already going head-to-head, and it's pulled the Nasdaq down, too. There is a slightly horizontal positive trend. It will be important whether there will be a closing above 17080 on Friday and a closing above 17080 - 17500. Once we crossed over the canal. We moved over the canal 3 weeks ago. The reason we're back now is that Nvidia has had an impact on the Nasdaq, creating downward pressure for two weeks. But before we talk about the basis, that is, the stock, we came across some data. We came to the Fibonacci 1.272 resistance and now we are getting a correction this week with the excuse of Nvidia. In fact, the processes in Nvidia are of course important, I have read a few articles. There are also some comments on the point that these are speculative transactions. Of course we will follow.

If I go beyond Nvidia here and come to Nasdaq specifically, it is positive that we are above the rising channel. Therefore, I will carefully follow the data coming from America this week, this Friday, whether Nasdaq will be able to keep it above 17080 - 17500, especially the 17080 level. If we look at the history of the weekly chart, it broke the 8-week period but returned from the 21-week period. Therefore, the fact that it turns into the channel here, that is, turns into the 17500s in the short term and gets pressure towards the 17080s, is disturbing in the major. Falling below these 17080s may take some more pressure towards 16600 - 16200s. If it falls below 17400 - 17080, it may trigger the risk of further short-term profit selling. But if Nasdaq closes the week above 17080 on Friday, I think it will maintain its trend towards 17897 and/or above again, even though it has fallen into the channel a little bit, this pressure that it started to get from 17897 last week. Now it has entered the channel, it broke 17080, let's say it is coming down, let's talk about the negative.

In my opinion, sags towards 16233 and/or below are opportunities as the specific number of 16233 will not disrupt the channel discipline here. There will be a risk in the short term, there will be pressure, there will be a risk of profit sales deepening. But every risk is an opportunity in itself. The important thing here is that it does not break at 14900 Nasdaq. If you ask me if I expect this to break, I don't. But in my opinion, the pressures that will occur towards 17080 - 16233 on Friday will remain as an in-trend correction and Nasdaq will try to return to the pressure it received last week at 17897 and move up 17897 unless it breaks 17080 - 16233. We can manage the short-term major risk with 17080. We will follow 16233 as an acceptable support zone for investors who are a little more risk-averse and who follow a more resilient discipline. I repeat and say very clearly that the start of a process in which even 17088 - 16233 may be eroded after the data on Friday may continue the decline in itself. It's a risk, but it will be an opportunity. Therefore, for me, 17080 - 16233 has no importance from a strategic perspective. I will be waiting for Nasdaq to enter the American elections at its historical peak, as it continues to remain above 14952. Nasdaq's target will continue to be 20013.

I attach great importance to the 57500 level in bitcoin. If this pressure, which we have been receiving since 73000, is to return, it should not break 57500. If it breaks, it will deepen to 51000. If 57500 is not broken, there may be a reaction. As important as 57500 is as support, its passage above 65600 will be important for a relatively more positive chart.

By the way, there is a news in the Wall Street Journal, it could really be a game changer. As a commodity manufacturer, it is in talks to integrate the artificial intelligence model into Apple's iPhones. The merger of two great powers could be a game-changing element for Apple. That's why I think it would be useful to focus here a little. The commodity is in a strong bullish position but corrects occasionally. He even keeps the corrections short. I mean, it's so strong that it goes by holding it briefly. Now the projection that this graph tells me is this; 264 is intermediate support, a slightly shorter term support, 430 and 385 are strong support. Especially 430 is an important and strong support. Therefore, here is the data that will come from America this Friday. The pressures that Nasdaq may experience due to dynamics such as whether it can exceed 17800 or not, can of course put pressure on Meta. But here, small problems started in Meta's chart, let's read this chart with a little defensive urge, the reason is 464.

Unless this 464 is broken, yes it can be withdrawn, yes it can also get pressure, it can be read as a support or trailing stop loss, which has been taken before, to control the 464 intermediate risk, for a high-cost position. But if there are those who say, "No, I want to keep the trend under control a little more, I want to keep the risk scale a little wider, from a slightly broader picture, $ 430 will be an important support." The potential of $566 and $599.5 will be preserved, with 464 intermediate support, 430 medium-term, and 385 long-term support zones. Potential does not mean that it will go there immediately, it spreads over time and includes the potential of 566 and 599.5 dollars in the chart. Potential targets of $566 and $599.5 can be managed by doing some defense and or risk control in the short term at $464 and in the medium term at closes below $430.

The 8-day average is trying to cut the 21-day average upward again this week, it is working. If you look at Mac and Trigger, the bottom indicator is in the same situation. While the lower indicator clearly signaled a decline in the last decline, the Triger has not increased for 2 weeks, but it is slowly trying to balance. Therefore, here we will manage Meta with the answer to the question where in 464. We will read it as 566 - 599 above $464, as a continuation of the short-term decline towards 430 below 464, and as a medium-term correction.

Broadcom shares will be split ten to one. Therefore, I look at it from a broader weekly perspective with old prices. So, if you see it after the split, it is useful to know that I will be looking at the old prices as a reminder. If we look at the weekly chart, it made a megaphone, expanded, first hit the top of the megaphone, then hit the bottom of the megaphone, then hit the top of the megaphone, then landed in the middle of the megaphone, completed the formation on the megaphone, exploded in a positive direction, threw a needle at 2.618 Fibonacci and then fell into the megaphone. As a result, there may be a pressure towards the 1480s - 1370s. Two moving averages are carrying the trend above. One at the 8-day moving average at 1480 and one at the 21-day moving average at 1370. The 21-week average has defended the price many times. Moving averages contain everything from enthusiasm, fear, news, fundamental data. But when you get too far from the average, the average says, wait a minute, where are you going? He said, "Look, my mouth is open, I'm coming," and gave the correction signal. It has reached Fibonacci resistance and is now correcting. He has corrected his mouth when it opened before. Now the same thing is happening here.

Now, when you look at this graph from the front, I see this without getting into the numbers. This stock is in a strong medium-term uptrend, short-term spoiled and improving. If I put it in numbers, 1480 is intermediate support and 1370 is trend support. Therefore, I cannot say that there will be no pressure towards the 1480s - 1370s. I'm not saying it will necessarily land there, but even if it does, the trend discipline does not deteriorate and it seems likely that it will maintain its medium-term potential targets of 1750 - 1837. A bit of a troublesome situation is starting to emerge here for Broadcom for me, let's watch this chart a little bit now, its discipline will be broken with the target of 1100 below 1370. Unless 1370 - 1480 is broken, leaving aside the possibility of retreating there, leaving a note in parentheses, it may have an upward potential again after 1680 - 1750 and then perhaps after the division towards 1837, after that balancing. There is a signal on the lower indicator that I am already correcting, I can correct it further.

There is a lot of news flow on Amazon, and the trend has now reached a double peak and stopped. He wants to stabilize Alexa with artificial intelligence. Because Alexa is actually very useful. I like it very much too, but it causes harm to Amazon. That's why we need to see if a new investment can come here now. There is already a news flow that Amazon will invest 11 billion dollars in Germany. So, Amazon is in a really intense news flow. When we just look at the chart, we have a double top in the 188 - 189 region. There is a bowl here. Now when I look at the graph, I see something like this. If multiple closes begin above $188.26, the cup handle story lies. Because it continues without handles and a process where we can talk about 217.35 or even 254 as a potential target may continue over time. Unless the intermediate trend is broken, focus continues on 217.35.

For result-oriented position management, closings above 188.26 will be counted, but not for the trend. The trend says that unless 165 - 155 is broken, the potential to retreat there will be considered as emotional and positional risk management, and Amazon, which continues to stay above 165 and 155, will maintain its medium-term potential of 217.35 and then 254.35, which is the Fibonacci 1.618 target. Here, 217.35 intermediate and 254.35 medium term main targets. As long as it remains above 165 and 155, it is not open to questioning in technical discipline. 165 - 155 must be broken for me to say "Oh no". Then I say this: The trend on Amazon is over, collect it and move on to another stock. But of course I can't say that right now.

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.

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