What Moneyvest said in this video:
- QQQneutralshort-termThe Nasdaq 100 is in a pullback, down about 6% from all-time highs, but the low-700s area, specifically 701 to 702, remains an important support level to watch.Source
- SPYneutralshort-termThe S&P 500 is also pulling back a bit and is not yet in a dip, only down about 2 to 3% from all-time highs; there is a very strong support area around 7555 to 7600.Source
- SPCXneutralshort-termSpaceX is set to report earnings after the bell today; this will be a defining moment for whether it can turn the corner toward profitability and would be a big inflection point for the business.Source
- Othernegative for stocksshort-termCloud stocks are under a lot of pressure and have been selling off aggressively; the recent bounce is just a technical rebound from oversold conditions, a bull trap, and momentum remains weak.Source
- NVDAbearishshort-termAlthough Nvidia had a green day and took out Friday's high, the host thinks the exhaustion, selling pressure and downside may not be over.Source
- Market Breadthneutralshort-termThe market is very selective right now; not everything is selling off. Dow Jones and value stocks are still doing well, while technology and cloud names are weak.Source
- Otherpositive for stockslong-termA study shows that buying at the close and selling at the next open, thus holding overnight, performed significantly better than intraday trading because gap-ups happen more often than gap-downs; it is important to stay invested and not try to time the market.Source