Predict the next move for the Nasdaq

Honestly, trying to call moves on the Nasdaq feels pretty damn impossible—mostly because the big players in the States are just... let's just say they aren't exactly playing fair. Around here, forget about technical or fundamental analysis; it’s all just backroom deals and cronyism.

Bottom line: Predicting how the Nasdaq will swing is a massive reach. We're basically just small fish in a shark tank.

That's why I'd rather we practice our skills on the Nasdaq instead. It actually follows logic most of the time, you know? There are actual books and strategies for it. Let's start with something that actually makes sense.

My bet? I think the Nasdaq is gonna close down about 0.5% today.

What do you guys think?

I have to wonder, what is the actual point of trying to predict the movements of the Nasdaq?
Does anyone here actually hold any overseas stocks? Or are we still under the delusion that our local version of Trump has any meaningful correlation with the Dow Jones or the Nasdaq? 🤔

Nasdaq Jan 2, 2008: 2609
Nasdaq April 10, 2008: 2359 (though the day isn't quite over yet)
-9.58%

Nasdaq Jan 2, 2008: 5245
Nasdaq April 10, 2008: 3560
-32.12%

And honestly, if the economic crisis over in the USA is this messy... I fear we might be facing a total nuclear meltdown back home... 😬

The Nasdaq movement from yesterday through the end of today... +1.5... 😁

You’re dead wrong.
Poor USA.
Everyone over there is whining about everything.
Meanwhile, things are just fine where I am.

I’d say the Nasdaq is looking at maybe 0.3% at most.
Given how much chaos is going on globally right now, I guess you could even call that an excellent result.

hiddensailor60 said:I have to wonder, what is the actual point of trying to predict the movements of the Nasdaq?
Does anyone here actually hold any overseas stocks? Or are we still under the delusion that our local version of Trump has any meaningful correlation with the Dow Jones or the Nasdaq? 🤔

The serious money already retreated to cash long before anyone started whispering about a recession. The USA and the Nasdaq took a hit, and they’ll stay beaten down until there's actual proof that a recession isn't coming. 😕

If things turn around, maybe we'll see some significant gains by late fall or year-end. That’s the best-case scenario. If it happens sooner, fine.

But if the other scenario plays out, we’re all going to be "long-term investors" whether we like it or not. 👎

Trying to guess daily fluctuations is mostly pointless, but hey, if you enjoy the entertainment value...

Joseph Palmer9 said:The serious money already retreated to cash long before anyone started whispering about a recession. The USA and the Nasdaq took a hit, and they’ll stay beaten down until there's actual proof that a recession isn't coming. 😕

If things turn around, maybe we'll see some significant gains by late fall or year-end. That’s the best-case scenario. If it happens sooner, fine.

But if the other scenario plays out, we’re all going to be "long-term investors" whether we like it or not. 👎

Trying to guess daily fluctuations is mostly pointless, but hey, if you enjoy the entertainment value...

I agree.

Has anyone else been hitting up Las Vegas lately by any chance?

For those of you who're too lazy to actually go look, it’s basically just betting on market indices. From what I can tell—and I've spent way too much time staring at these charts—trying to call an index movement is about as much of a sure thing as guessing the final score of a Sunday night NFL game. Good luck with that.

Nasdaq closed today at 2351.70

Up by 29.58 or 1.27 %

Time to make some predictions for tomorrow:

+1.77%

Rebecca Sanchez8, which Nasdaq are you talking about?
I was actually thinking of the S&P 500. :bong:

dustyscout53, what are you even doing poking around on Charles Schwab? 🙂

Honestly, I think this entire thread is just a reaction to you (unfairly) leaving the old pro out of your Top 10 list for "predicting NYSE movement." He took that one pretty hard, didn't he?

🤣😁🤣😁🤣😁🤣😁🤣

p.s. I'm definitely not some Walter clone😂

Shout out to another solid thread from Walter 😉 and just a quick heads-up: you Redditors—the Stock crowd—will soon be able to trade directly on the Nasdaq. Just like on the DAX. If everyone suddenly had 100,000 bucks to burn, we’d see what you're really made of. That's all for now. More on Monday.

Rebecca Sanchez8 said:Honestly, I think this entire thread is just a reaction to you (unfairly) leaving the old pro out of your Top 10 list for "predicting NYSE movement." He took that one pretty hard, didn't he?

🤣😁🤣😁🤣😁🤣😁🤣

p.s. I'm definitely not some Walter clone😂

If I recall correctly, our colleague Walter was actually pretty high up—probably in my top three, though my list isn't even fully finalized yet.
The man just gave up; he doesn't buy into this kind of speculation. I guess it's just guessing at this point.
So, I decided to respect his choice. 👍

My bad, starting this thread actually led me to the wrong conclusion 😍

Nicole Palmer6 said:Nasdaq Jan 2, 2008: 2609
Nasdaq April 10, 2008: 2359 (though the day isn't quite over yet)
-9.58%

Nasdaq Jan 2, 2008: 5245
Nasdaq April 10, 2008: 3560
-32.12%

And honestly, if the economic crisis over in the USA is this messy... I fear we might be facing a total nuclear meltdown back home... 😬

The Nasdaq movement from yesterday through the end of today... +1.5... 😁

You’re missing one thing. The Dow and Nasdaq recently bounced back to where they were a year and a half ago. The NYSE hasn't even come close to touching those levels yet (if I recall correctly). 🙂

@ Walter
Trying to call daily price swings? What would Warren Buffett say about that? Or Benjamin Graham?

Honestly, I’m just throwing in the towel on all this guessing games stuff right now.
I haven't even wrapped my head around all the tickers on the NYSE yet, let alone
dive deep into studying all these massive US corporations.

Plus, the index is basically at the mercy of whatever news drops during the day,
so if I actually wanted to make some kind of semi-decent prediction, I’d probably have to be glued to
every single financial news outlet out there.

Look, I might have known back in the day. Honestly though, I couldn't care less anymore—it’s just something I check in on from time to time, you know? 😉

Honestly, when I actually sit down and think about it, I have zero clue what you’re basing this whole "it behaves more normally" thing on—you know, regarding actual fundamentals or technical analysis. It just doesn't track.
Look at Yahoo, for instance:
One minute they're all like, "Yeah, let's buy Microsoft," and suddenly it hits $33, then they flip-flop and say, "Actually, scratch that," and it drops to $21, then they change their minds again and it's back up to $30... and we're talking about companies here that are worth way, way more than AT&T ever will be.
Apple is the exact same kind of rollercoaster—last year it swung from $80 all the way up to $180.