Nasdaq-100 Index: Hit the 15874 Cloud Chart resistance target zone as AI market euphoria drives the index higher. Index is now very extended and at a high risk level for a consolidation/correction. Next resistance target 16333 with consolidation risk back down to 15211/14870 and 14482! Party like it is 1999!
Nasdaq Composite: Rally grinds higher with next key resistance targets 14300/14386 & 14500!
Consolidation risk elevated in view of earnings season and index extended from Cloud Chart support zones.
AAPL: up more than 51% in 6 months since the Artificial Intelligence generated buy signal! Winning with AI!
AAPL ranks in the top 10% of the market with a StarMine ranking of 96, but valuations remains a key concern with a Relative Value rank in the bottom 20% of the market.
AAPL stock buy back program supports the stock price, it also improves earnings per since AAPL's growth has been rapidly decelerating over the last 5 years. The good financial engineers!
Meta: "King of the Social Sewer": Two AI generated trades are up 49% and 62% since the Artificial Intelligence Volatility Breakout Trade Signal! Winning with AI!
