TSLA to 1k?
While the bears have had full control of the market all year, we’re seeing signs that the tides are beginning to turn. Should the market trend higher from here, TSLA is one of my favorite picks for the potential of an explosive move.
While the bears have had full control of the market all year, we’re seeing signs that the tides are beginning to turn. Should the market trend higher from here, TSLA is one of my favorite picks for the potential of an explosive move.
The bulls made some significant progress this week, and while the world is bearish, I’m seeing signs that the bottom is in for now. Let’s take a look at the improvement in the structure and signals that’s pointing to the path of least resistance being to the upside.
Intuitive Surgical found support in June near its Voodoo fireline. A squeeze could send it upward to the next treeline upward at 234.33.
This week has seen several megacap tech companies release earnings and most have resulted in higher prices. We’re seeing that again with AAPL and AMZN, and their action tomorrow will be pivotal in shaping next week.
As I continue to perfect my use of the Voodoo Lines, I’ve noticed movement that I’ve come to refer to as “tractor beam moves” and that really showed up today in SPX. Let’s revisit the setup and considerations we’ll have for tomorrow.
Whether we see overbought shorts one more time before the uptrends begin to develop, the reaction to earnings like AMZN reminds us that there is optimism in the air and we should follow the macroeconomic signs that have been flashing all month long.
While the bottoming process continues and the Target Rate for the Federal Reserves floats slightly lower, I want to be long. But without setups on the daily, what is the next best thing? In this video, I explain how we traded the bounce in July to capitalize on the movement.
Take a look at how Joe crushed the market today with a $61K winner playing the edges of today’s jump. Learn how to feed off the volatility and massive moves with hedges.
Fed delivers as anticipated today and the market responded in kind. There is still more than enough left in this fun-filled & jam-packed week to make a difference, so let’s not get too terribly comfortable just yet.