The NASDAQ 100 Breaks Out: Seize the Opportunity!
NASDAQ 100 hits $22,222. This is the second breakout this year. There are stronger market signals, but tariff pause ends July 9th. Watch top stocks like Nvidia, Microsoft, and Apple.
The NASDAQ 100 price got above $22,222 and is at an all-time high.
This will be the second time it has broken out this year.
The first time was February 19th, but it failed because of fears of the tariffs.
Will we see the same behavior again?
It’s possible since the tariffs pause expires on July 9th.
Two days after the February break out, we saw a big down day.
The next day the price fell below the 50-day moving average.
This means the all-time high price was not too far above the 50-day moving average.
This time around, the 50-day moving average further away.
This suggests the market price is stronger this time around.
The S&P 500 was unable to break out in February.
Now, we see the S&P 500 making a break out attempt.
If the price can get above the last high and reach an all-time high, this will suggest the market is stronger this time around.
We should be looking for opportunities while we wait for the NASDAQ 100 and S&P 500 to prove themselves.
Let’s explore the top stocks that make up the NASDAQ 100 and S&P 500.
Nvidia (NVDA) is at an all-time high after breaking out yesterday.
Microsoft (MSFT) broke out on May 19th and reached an all-time high today.
Apple (AAPL) has been in a bear market this year, but it has been making higher lows since April 8th.
Amazon (AMZN) broke above a cup with handle pattern.
Broadcom (AVGO) broke out on June 3rd and is at an all-time high today.
Meta (META) broke out of a cup with handle pattern on June 2nd and it is trying to break out of the full base.
Netflix (NFLX) broke out on April 24th and is at an all-time high today.
Tesla (TSLA) has been making higher lows since April 8th and it trying to form a handle for the cup with handle pattern.
Costco (COST) is looking very weak.
Google (GOOGL) has been making higher lows since April 7th and is going up the right side of a cup pattern.
As you can tell, there is a lot of strength in just these top 10 stocks.
Build your watchlist.
Be ready to buy if the market proves that it will go higher in the coming days.
But, keep the possibility in mind that the tariff pause ending and new tariffs being imposed could rattle the markets again.
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Disclaimer: The author is not a financial advisor. The information provided herein is not financial advice and should not be construed as such. This content is intended solely for educational purposes. The author will not be held liable if you decide to used this material as a basis for any financial decision-making. Investing involves risk, including the potential loss of your invested capital. Only invest what you are willing and able to lose.