Portfolio Watch: Stock Market Key Trends | June 21, 2023

The NASDAQ 100 is exhibiting a short-term top on the chart. Certain key stocks like #Nvidia and #Tesla are leading the market upward. In particular, Nvidia has been performing significantly well, making it a stock of interest. #Gold is currently on a downward trend, with a potential pivot around the $1900 mark. This level is a Fibonacci retrace point and could serve as an excellent opportunity to enter the gold market. #Silver is also on a downswing with potential support around $22.40. However, the desired buy level is on an upsloping trend line at approximately $21.50, which aligns with a 50% Fibonacci retrace from its recent uptrend.

Being a successful trader or investor often involves maintaining a level of flexibility. It's not about being consistently bullish or bearish, but rather about identifying opportunities in different market conditions and asset classes. This could mean being short on certain assets and long on others, capitalizing on different movements and trends. It's also essential to stay rational, follow the charts, and manage fear and greed effectively. These emotions are universal across all asset classes and can create profitable trading opportunities if leveraged correctly. #SPY #QQQ #NDX #SPX #News #MarketWatch