What Moneyvest said in this video:
- QQQbearishshort-termThe host views QQQ as technically weak, still in a trading range and not out of the woods; if it breaks below 700 support, the next downside target is 684, implying a correction of over 10%.Source
- SOXXbullishThe host believes lower prices for semiconductor and AI infrastructure stocks create better buying opportunities moving forward.Source
- AI Capexpositive for stocksThe host notes that NeoCloud names and chip stocks are under pressure, but believes lower prices create better buying opportunities going forward.Source
- Market BreadthneutralThe host says the market breadth pullback is for the right reasons, as capital rotates away from the Dow and value back into technology and growth.Source
- SPYneutralThe host notes the S&P 500 is consolidating sideways between support at 7,550-7,600 and resistance around 7,800, with a red candle suggesting intraday weakness.Source
- OtherneutralThe host notes Nasdaq Composite support is just under 26,000 with resistance around 26,750, and it still looks weak in a dip; he would not be surprised to see it under 26,000.Source
- AAPLneutralThe host notes Apple resistance at 347-348 and if it breaks down further, support is down at 318-319, with higher highs and higher lows continuing.Source
- AMZNbullishlong-termThe host is very bullish long-term on Amazon because AWS is extremely profitable; resistance is at 263 and a breakout targets 282-283, with demand support at 246-247.Source