2024 Nasdaq Weekly Review week 03: Stock Market Report Update (2024)

Welcome to our 2024 NASDAQ Week 03 update, featuring an exclusive look into the trading strategies of one of the world’s top traders. This week, we dive into a live trading sessionThe Forex market is often segmented into five trading sessions: Sydney, Tokyo, London, New York, and Overlap Sessions. This division... More, highlighting the intricacies of order flow analysis and decision-making in real-time.

Our focus is a trade recapon the NQ futures market. Our Professional trader expertise isn’t just limited to futures; he also excels in altcoins trading. The session is recorded live, capturing the trade’s execution, followed by a detailed voiceover explanation in a more relaxed setting.

This approach offers a unique educational experience, allowing viewers to understand the trader’s thought process, particularly how he interprets order flow and market dynamics to make profitable trading decisions.

What is 2024 Nasdaq Market review?

The 2024 Nasdaq Weekly Review offers an in-depth analysis of the Nasdaq, a key stock index for technology and internet-based companies on the Nasdaq Stock Market. This review serves as an essential tool for investors and traders, offering insights into market trends, price fluctuations, and trading volumes.

It’s particularly important for those employing strategies based on smart money concepts, as it provides a detailed understanding of market movements and potential investment opportunities.

In addition, the review often includes ICT (The Inner Circle TraderExplore Inner Circle Trader's unique journey in Forex trading, where risk awareness and challenging norms lead to true market success. More) methodologies, focusing on market structure, liquidity pools, and order flow. These concepts are pivotal for traders using ICT strategies in the forex and futures markets, where understanding institutional order flow and market inefficiencies can lead to more informed trading decisions. This weekly review, by incorporating these aspects, becomes a valuable resource for applying ICT strategies to the dynamic and fast-paced environment of the Nasdaq market.

2024 Nasdaq Market Review Week 02

For the week ending January 15, 2024, the stock market saw mixed performances, with the S&P 500 and the NASDAQ ticking higher, while the Dow Jones Industrial Average closed in the negative zone. This was amid mixed fourth-quarter earnings results and key inflation data.

The NASDAQ Composite ended at 14,972.76, marginally up by 0.02%, bolstered by strong performances from large-cap technology stocks. The slight decrease in the producer price index (PPI) in December 2023 and expectations of the Federal Reserve’s interest rate cuts in March 2024 influenced the market sentiment​​.

Analysis of the Week’s Weekly Patterns Performance

The image you provided appears to be a screenshot from a trading analysis platform, showing the NASDAQ price movements over a week with a focus on the Wednesday low. The screenshot also includes a snippet from an educational source describing the Wednesday low of the weekThe 'Wednesday Low of the Week' is a concept in Forex trading, particularly within the ICT (Inner Circle Trader) methodology,... More trading concept.

Here is a breakdown of the relevant information provided in the image:

1. Wednesday Low Of Week:
   • The image indicates that Wednesday’s price action is key to this trading strategy. The lowest point the NASDAQ reached on that Wednesday is marked as an important reference for traders.
2. Profile: Bullish:
   • The profile mentioned in the image is bullish, implying that the market sentiment for the week, or at least after Wednesday, is expected to be positive.
3. ManipulationManipulation in trading is a clandestine and often illegal activity where individuals or entities artificially influence the supply or demand... More Points:
   • The text suggests that there are intentional moves above a certain price point on Monday and Tuesday to then drop into the Wednesday low, which is used to accumulate positions before a bullish run.
4. Anticipation Strategy:
   • Traders are advised on how to anticipate these moves by understanding the ‘HTF Discount Areas’ and when the market fails to drop into these areas. It suggests that Wednesday’s low will likely be the lowest point that week, and therefore, it might be a good entry point for a long position.
5. Trading Strategy Course:
   • The watermark indicates that this information may be part of a trading strategy course, suggesting educational material designed to teach traders how to interpret and act on such market patterns.

From a technical perspective, the graph shows the NASDAQ’s price action, with the price dipping earlier in the week before climbing steadily after Wednesday. If the strategy indicated is correct, the Wednesday low could be a pivotal point for traders using this method to enter into long positions, expecting a bullish trend for the remainder of the week.

Key Contributors and Detractors

Leading the charge this week were [Insert top performing companies], with notable gains in their stock prices. These companies have been pivotal due to [reasons for performance, such as strong earnings, new product launches, or favorable market conditions]. On the flip side, [Insert underperforming companies] lagged behind, affected by [Insert reasons such as disappointing earnings, regulatory concerns, or negative market news].

NASDAQ Compared to Other Indices

When compared to other major indices such as the S&P 500 and the Dow Jones Industrial Average, the NASDAQ [Insert comparison – e.g., outperformed, underperformed, moved in sync]. This difference in performance can be attributed to the NASDAQ’s heavy weighting towards technology stocks, which [Insert reason – e.g., are more sensitive to specific market forces or economic indicators].

Conclusion

In conclusion, the NASDAQ continues to be a critical barometer of the health and direction of the technology sector and the broader stock market. Investors and market watchers should keep a close eye on [Insert key elements to watch]. Stay tuned for next week’s update, where we will continue to bring you the latest and most relevant market insights.

Disclaimer: This report is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult a financial advisor before making investment decisions.

(Note: Replace placeholders like [Insert Current NASDAQ Reading] with the latest data and information relevant to the time of reporting.)