Chart analysis

In this article i’m going to take a look at stocks today: what’s been happening in the markets since market open. I’m going to consider the overall position of the NASDAQ, the S&P 500 and Gold as these can give a good overall indicator of market direction. Let’s jump straight into it!

Stocks today the NASDAQ

I mentioned yesterday that the NASDAQ had been recovering from it’s recent downwards move, and it had broken through the downward diagonal trend line. Today the market opened with a gap down, but is recovering again with a positive candle:

However, note that the MACD indicator histogram bars have slightly shrunk since yesterday and they are getting slightly smaller. We still have market open in the US to come, and that may have a big impact. The RSI is scooping over slightly too. It looks from the above chart, like the momentum for the upwards push has slowed down. It remains to be seen whether this will be reinforced at market open in the US.

Let’s take a quick look at the S&P 500 to see if we see a similar story:

Stocks today – S&P 500

As you can see, the S&P 500 is showing a similar story and this is not surprising because it is heavily driven and influenced by the NASDAQ with its top constituents being companies which are also sitting on the NASDAQ.

What’s happening on Gold?

In considering stocks today it is also useful to pay attention to what is happening to the price of Gold. When stocks are increasing due to consumer confidence or confidence in the financial markets in general, the price of Gold tends to pull back. Let’s take a look at the Gold chart:

As you can see above, we now have another candle which at the moment, is respecting the downward diagonal resistance line shown on the chart. It seems Gold and the stock markets are indeed showing the relationship we normally see from them… Gold is coming down overall currently and has been since around the beginning of March. It’s worth noting that Gold is also, at another resistance level – the horizonal one. Pushes away from such areas can be stronger where there are two different resistance lines intersecting one another, as shown below. It remains to be seen whether this trend will continue and the resistance levels will be respected.

I hope you found this article helpful. Please check back again for further updates and technical analysis on the current states of the market.

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

In this article I’m going to talk about stocks today – what’s been happening on the NASDAQ, the S&P 500, and Gold, for good measure! I’m going to examine the recent price movements with a view to helping you decide where they might be headed in the short to medium term. Let’s get started!

Stocks today – the NASDAQ

A great tool in understanding stocks today is looking at the NASDAQ index chart. This has seen some recovery in price more recently. Let’s take a look at the daily time frame chart, using Trading View, my favourite chart software platform:

Ok so as you can see the price has pushed up significantly from the most recent low it made in around the end of March 2026. It’s broken through the recent diagonal downward trend with a significant push upwards. It’s worth noting that the MACD and Signal lines have crossed on the MACD indicator and the histogram bars are becoming taller and still remain dark green, meaning as of Friday, the market was still pushing up strongly. The RSI indicator is pushing towards the top of its channel. When the RSI indicator generally gets to a level of 70 or above, traders tend to be more aware that the price could be due a pull back. The current level on the RSI indicator is 63.74.

It’s also worth noting that the price has ‘bounced’ at around one of the significant Fibonacci levels. You can learn about using the Fibonacci tool, here, in an article I published recently:

How to buy stocks, using Fibonacci Retracement as a Day Trader – Everything you Need to Know – Sophia Trades – Learn how to Trade the Stock Market

It remains to be seen whether the price will continue pushing up or not. I hope this analysis has provided you with some educational resource for you to start making your own decisions about what you think will happen in the short to medium term.

Let’s take a look at the S&P 500 next to see if it’s following suit…

S&P 500

When considering stocks today, the S&P is also fundamental. This index gives you an overall indication as to the health of the markets. As you can see, the same sort of pattern is forming on the S&P 500. This is no surprise given that it is heavily influenced by the NASDAQ. They look very similar indeed.

Let’s take a look at what’s happening to Gold – this can be a critical market for examining overall market sentiment etc in the stocks – the Gold market tends to soar when people lose confidence in the stock market…

What’s happening to Gold?

As you can see, the Gold market reached all time highs at around the start of 2026 and since then, it’s been pulling back strongly. At the moment it is at the point of potential resistance, as can be seen with the diagonal downward trend line. If recovered confidence in the stock market continues to push the stock prices up, it is possible this will negatively impact the price of Gold.

This is all, of course, being influenced by Trump, the war with Iran and all of the turbulence in the real world too… so it is possible we could see more fluctuations.

The idea of this blog is to share my own thoughts and analysis on what’s happened to date, with a view to helping you decide for yourselves what might happen next.

I hope you found this article helpful.

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

In this article I want to talk to you about what’s happening to the price of Gold, currently. Whilst this is not a stock, I have prepared by usual style ‘stocks today’ blog article on it, because it is worth paying attention to, as Gold gives an indication of the overall position and health of the markets. As you will know from my recent blog posts, many of the markets are pulling back right now or simply moving sideways, following having reached record highs!. Gold is no exception to this. Let’s take a look at the chart movements to see what’s going on and whether we can identify any recent patterns…

Stocks today – the Gold Daily Time Frame chart

As you can see the Gold market reached all time highs at around 29th January 2026. The price has descended quite steeply since then – by 26%, as you can see on the chart. This is quite a drop and highly significant for our consideration of stocks today! It could represent a big bargain for someone if the prices went back up to previous levels.

Let’s take a look at the monthly timeframe, too, to get a better birds eye view:

Gold monthly timeframe chart:

As you can see on the monthly timeframe chart, the price had literally gone to the moon recently. The dip down which we can see in detail on the daily timeframe, seems small compared to the amount it has risen in the recent past. The price is nearing a bit of a support level per the daily timeframe, marked below:

There are a number of scenarios which could play out and it is very difficult to determine which one is likely to happen. If Gold continues to drop, it could find some support, even temporarily, at some of these horizontal support levels. However, it has dropped already by 26% which is not insignificant. If it dropped even further this would amount to an enormous discount on the recent highs, prices.

Ultimately, it will be difficult to try and predict which way this market will go, but I will be keeping a close eye on the chart. Before getting into any gold positions, I would want to see the market making higher highs and higher lows once again. This may be a while off yet. We will see!

I hope you found this article helpful, on ‘stocks today’.

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

In this article i’m going to talk about what’s happening with stocks today. I’m going to look at recent activity, the highs and lows and the current state of price movements. Let’s get straight into it!

Stocks today – Google Class C

To form a view about stocks today in respect of Google Class C (Alphabet) let’s take a look at the monthly and daily timeframes on the Trading View chart software, to get a birds eye view of what has been happening with this stock:

As you can see on the monthly timeframe, this stock reached all time highs recently. A lot of this push upwards is to do with the AI market and expectation that this will generate a lot of revenue for the Tech sector and companies. It reached highs of $350.04 on 2nd February 2026 and has been pulling back since then. The MACD indicator is still green but slowly losing its strength. The RSI, however, has pulled down quite significantly from having been in a very overbought position. It had extended up into the 83.21 position at the highest price reached. Now the RSI is showing 69.03. It’s worth nothing that the previous time this happened back between 2021 and 2022, as you can see on the chart, the prices did descent quite significantly from the highs reached. This dip coincided, however, with increased interest rates as dictated by the FEDS. On this occasion, the FEDS have reduced rates. It remains to be seen, whether the market has finished pulling back or whether it will descent further.

Let’s look at the daily timeframe next:

You can see a more zoomed in view of the long term picture, from the daily timeframe, above. The price is currently at a major level of support. It touched it last Friday and remains there currently. I cannot see any sign of recovery from this, yet. The price is still making lower highs and the lows are dotted along the support level. This could be seen as a descending triangle pattern but it is not clear whether the price will break down through the support level. It has touched it at least four or five times – note that the support level became one after a slight resistance previously, in around November time.

Tesla

Let’s take a look at stocks today (Tesla) to see what’s happening. I’ve copied the monthly timeframe chart, below:

The pattern on Tesla is not very clear to me. It too reached all time highs recently. It’s touched a resistance area a couple of times, at around 495.33. It has pulled back quite significantly on the RSI indicator but note that the MACD and signal lines have not yet crossed over to the downside. A recovery or further downwards push is entirely possible. Let’s zoom in on the daily timeframe and see what else is happening:

You can see much more clearly, what is happening on the daily timeframe, above. You can see the resistance at the all time highs more clearly and also the slight support level marked at around 328.51 on the chart. It looks to me like the price is still very much in a downward pattern – note that it is currently making lower highs and lower lows – as marked by the diagonal resistance line, here:

The above analysis should give you an idea of what could happen next with this stock, although it is for you to decide upon this and make a critical judgement. There are lots of resources on this blog to help you understand charts, including information on candlestick patterns, here:

Japanese Candlesticks – Trader Pro Consultancy – Learn how to Trade the Stock Market

and also, understanding Support and Resistance levels, here:

Support and Resistance – Trader Pro Consultancy – Learn how to Trade the Stock Market

I hope you found this article on stocks today, helpful.

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/Traderpro8320

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

In this article i’m going to talk about the stocks today, and recent activity on the NASDAQ and S&P 500. This is another follow up to some of my other recent articles on what’s been happening in the markets. The markets are being affected by the Iran war so we have to bear this in mind when considering whether or not to open more positions. Let’s take a look at the charts…

Stocks today – NASDAQ

I like to consider the NASDAQ and the S&P 500 before zooming in and trying to establish which stocks may be good for closer attention in terms of ‘stocks today’! As you can see, there is no sign of any recovery yet, from the above chart. The price descended to a major support level on Friday and rebounded away from it, as can be seen by the last purple candle on the above chart. You can see the price touched the support level and then was pushed higher buy buyers coming in! Note the longer wick on this candle, a bit like a hammer pattern. To understand more about candlestick patterns, please see the following link:

Japanese Candlesticks – Trader Pro – Learn how to Trade the Stock Market

Also, if you would like a discount to the above chart software, please click below:

At the moment, the price is holding itself above the support level marked on the chart in white. It remains to be seen whether it will descend further or start to recover. I am still in the ‘waiting’ stage. I’m waiting to see prices start to make higher highs and higher lows before I enter any new positions. As far as stocks today are concerned, my conclusion for the NASDAQ is that I will wait to see what happens first…

S&P 500

The story on the S&P 500 stocks today, is very similar. With the turbulence from the Iran war and missiles being fired to Cyprus and other countries in the area, it is no wonder they are struggling to pull up. Let’s take a look at the S&P 500 chart:

You can see the exact same pattern almost, on the 500 top stocks in America too. It’s at a major support level and on Friday it rebounded away from it.

If you are a regular visitor to this blog, you will know that I like to focus my attention on the US markets. They are normally very bullish and I find it easy to find great trading set ups on the US markets. However, there are times when I need to exercise patience and caution. This is one of those times. I will be waiting for the markets to show signs of recovery before I invest or trade with any more open positions.

I hope you found this article helpful!

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/Traderpro8320

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

In this article i’m going to look at what position the markets are in, with a view to helping you determine the best stocks to buy now. I’m going to examine the position of the overall index and recent highs and lows, and any recent patterns forming. Let’s get straight into it!

Best stocks to buy now – the NASDAQ – recent activity

It helps when considering which are the best stocks to buy now, to look at the overall index first – to see what’s happening there. Reason? Because the overall index has an influence on the prices of its constituents and vice versa. It helps you see clearly, in one big swoop, what’s happening to the markets in general currently. The NASDAQ is the average of the top 100 stocks in America and it is heavily weighted in the Technology sector, with constituents like Apple, Google and Microsoft sitting on it.

NASDAQ monthly timeframe:

Let’s take a look at the NASDAQ per the monthly timeframe. I’m using the Trading View chart software – click below for a discount:

As you can see on the monthly timeframe, the markets had recently pushed up to new overall highs and they are now pulling back. This is paramount information and consideration before you decide on the best stocks to buy now. The MACD indicator has gone from strong upwards momentum, dark green histogram bars to smaller, reducing in size, light green bars. This pattern is typical before it turns red. You can see where the MACD indicator went red previously on this time frame and what happened to the price. A further downwards push is not guaranteed – nothing is! As traders we are trying to look at patterns on the chart to see what might be possible in the near future. The RSI has pulled back considerably on this time frame. If you would like to understand more about these indicators, please see my blog articles below:

How to use MACD – The Moving Average Convergence Divergence to make more money – Trader Pro – Learn how to Trade the Stock Market

The Relative Strength Index (RSI Indicator) – how to make money – Trader Pro – Learn how to Trade the Stock Market

Now let’s take a look at the daily timeframe:

Looking at the daily timeframe, is like zooming in, on the monthly. It shows you a close up of what’s going on. To understand how to use Multiple Timeframe Analysis in your trading, please see the following blog article:

Multiple Timeframe Analysis – mind blowing knowledge that will change everything! – Trader Pro – Learn how to Trade the Stock Market

As you can see on the daily timeframe chart, the price is holding firm above the white support line at around 23,945. It has touched this line quite a few times, tried to push down through it, and then popped back up again. The market is consolidating and going sideways. Often times when a market is bouncing along sideways, it is gaining momentum to either push up strongly or pull back significantly. It is unknown which way it will go. The FEDS dropped interest rates which can help the markets push up further – historically this is what happened after interest rates were reduced. However, the markets are very overbought in general – all the stocks and commodities have reached record highs and it is not clear how long this upwards drive will last! What goes up, must come down – at least slightly!

The last candle which formed, was a large downward candle, taking the price back down close to the support level. To understand more about support and resistance levels, please see this blog article:

Support and Resistance – how to make more money trading – Trader Pro – Learn how to Trade the Stock Market

Let’s just throw in the S&P 500 for good measure!

As you can see, we have a similar story on the S&P 500…

From examining these indices, my own decision is to wait before considering the best stocks to buy now. I want to see which direction the markets are headed in, in general, before jumping into anything. There may be markets/stocks sitting on these indices which are still pushing up right now and this is what’s holding it up but i’m conscious of what I stated earlier, that the index has an overall impact on the direction of the stocks, and vice versa. I want the odds to be in my favour when I open more positions. So I will wait to see what happens for a while.

What am I waiting for?

Before I can decide on the best stocks to buy now, I’m waiting for the markets to break out of the sideways channel they are in (i.e. the Index). If they break out upwards, I may consider that a new pattern is starting to form (with reference to new consistent support levels being in a diagonal push up or a new clear horizontal level being established which it is now clearly a new support), and look for good markets / stocks to get into. If they burst downwards I will be waiting even longer – until they start to push up again. For now, I just wait…

He that can have patience can have what he will.” —Benjamin Franklin

Let’s generate wealth, independently, together!

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/Traderpro8320

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

In this article i’m going to talk about the current and recent positions of the NASDAQ with a view to answering the question ‘can you make money on the NASDAQ right now?’. I’m going to examine the recent highs and lows and what’s happening with some of my preferred indicators. Let’s jump straight into it!

Can you make money on the NASDAQ right now – recent activity

The NASDAQ is currently going sideways. It has been doing this for a long time. What does this mean? Markets can either go up, down or sideways, and sometimes they go sideways to consolidate – to allow breathing before pushing higher, or to test limits and supports before they lose strength and pull right back. You should think of a sideways market as a battery charging…. it’s building momentum to either go up, or down. When they go sideways for a long while, it can give the market a breathing space which is equivalent to the market pulling down/back – because time is passing by and the market is not reaching high prices. It allows the momentum to reset itself and you can see this on some of the indicators I like to use, like the RSI and the MACD. To help us answer the question about whether we can make money on the NASDAQ right now, let’s take a look at the daily time frame chart:

As you can see, the market reached an all time high in mid October and since then it’s been drifting through a channel sideways. It did touch the previous high in February but since then it descended further. You can see the diagonal down trend line I had recently applied to the chart, which the price has now bust through! The price is now back at the horizontal support again and it’s bounced away from it with a hammer candlestick pattern. If you would like to understand more about candlestick patterns, please see the relevant section of my blog, below:

Japanese Candlesticks – Trader Pro – Learn how to Trade the Stock Market

The MACD made a cross over to the upside, below the zero level of the histogram and this can be recognised as an upward push momentum but it remains to be seen how long it will last. This is the zone where the price bust through the diagonal resistance line above. In order to answer the question more fully, ‘can you make money on the NASDAQ right now’ we need to also consider the higher time frame for a birds eye view. Note: I am not in the habit of always considering the monthly timeframe – it depends. On this occasion I consider it is necessary, since the price has gone sky high recently so it may be coming to the end of a long term upwards push.

Let’s also take a look at the bigger picture – the monthly timeframe

As you can see on the monthly time frame, the MACD indicator is losing momentum for upwards push – the histogram bars have gone from dark to light green and they are becoming smaller and smaller. The MACD and signal lines look like they are in a position where they could cross over to the downside. However, note that in the time the market has been going sideways, the RSI indicator has pulled back slightly meaning the price is not as expensive as it was at the peak and this is what I meant by a sideways movement allowing the price to recharge and gain energy. You can see from historical RSI movements on this chart, that the little dip which has happened recently on the RSI indicator, can sometimes be enough of a pull back for it to go up again. It is not clear what will happen next – I am simply waiting for confirmation. What do I mean by this? I’m waiting for the market to make higher highs and higher lows again. Going back to the daily timeframe, I have marked in red the recent highs and lows. At the moment the market is in a position where it is moving away from a ‘lower low’ so definitely not pushing up enough for me yet… and so I wait!

I hope you found this article helpful in answering your question, can you make money on the NASDAQ right now?

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/Traderpro8320

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.