Saturday, June 3, 2023

Nasdaq - AI Stocks Taking A Breather?

Tough night trading the NASDAQ even though it moved higher. Most AI stocks were taking a breather and it was time for some other stocks and sector to shine. The most active reflected so many AI stocks simmering down after the recent rally because of profit taking while many traders looking to short sell maybe? The Nasdaq was trading in a range in the 5 minute chart while stocks are slowing tapering off. So what's inside that trading range in the 5 minute chart? Will it come down on Monday or shall it trend higher with some other stock sector knowing that now AI stocks are taking a rest? 

As usual, I am not very sure now. However I am very sure I will continue to be driven and take wise trades as I don't want to waste opportunities when it presented itself. Trade $3m USD last evening asn as usual, another great day with decent profits considering it was only a 40 minutes job. 

Ronnard - Market Psychologist - A Stock Market Opportunist