$Tesla Motors(TSLA)$ BearishShares of Tesla Inc. fell into correction territory last Friday, and their chart suggests the selloffs are likely to continue for awhile longer. ⚠️ Trading tips: Looking at puts below 254 towards 251.5, 250, 247 and calls above 257.5 on Monday. Flat price action leading to FOMC on Wednesday expected. Not pretty for TSLA bulls Tesla’s stock has been on a downward trend since last Wednesday, even after the company reported better-than-expected earnings and revenue for the second quarter and maintained its delivery guidance. Analysts highlighted the role of “other income” in boosting the results, while some expressed unease over the lack of clarity on the company’s margin trajectory. CEO Elon Musk‘s remarks hint

$Invesco QQQ Trust(QQQ)$ 42% gain from taking calls on trending Friday. Thanks to Tiger for awarding the weekly top predictions for QQQ again. Looking forward to more winnings in the week ahead 🤑 Stocks rallied Friday on rising optimism that D.C. lawmakers will reach a deal to raise the U.S. debt ceiling, led by the tech-heavy Nasdaq, which closed at its highest level since August. Two-year U.S. Treasury yields rose for an 11th straight session after the latest government data showed inflation picking up more than expected, and Federal Reserve Bank President Loretta Mester said she would not rule out another rate hike next month. Avoiding credit score downgrade Debt talks are still ongoing, but appear to

Thanks to Tiger for awarding the weekly top predictions for SPY over the weekend again! Let’s get ready for more profit in the week ahead! Join me to raid the market 🤑 “We have come to an agreement in principle,” House Speaker Kevin McCarthy said Saturday in the Capitol. “We still have a lot of work to do, but I believe this is an agreement in principle that’s worthy of the American people.” McCarthy said he spoke to President Joe Biden twice on Saturday about the plan. “I expect to finish the writing of the bill, checking with the White House and speaking to the president again tomorrow afternoon,” said the California Republican, “Then posting the text of it tomorrow, and then be voting on it on Wednesday.” The deal, he said, “has historic reductions in spending, consequential r

NVDA: Two more directors sold shares at around 230 on 1 March, according to the latest form-4 filings. They sure thank retail for buying into the AI narrative. What's That? A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. When it is accompanied by declining volume, it can signal a trend reversal and a continuation of the bear market. Declining volume is a giveaway  The Breakdown One thing experienced traders love about this pattern is that once the breakdown happens, the target is reached very quickly. Unlike other patterns, where confirmation must be shown before a trade is taken, wed

Thanks to Tiger for awarding the weekly top prediction for QQQ. The Thanksgiving week has historically been a period of thinner trading volumes due to fewer market participants. This can lead to lower liquidity and, in some instances, heightened volatility. However, it’s often accompanied by a slight uptick in consumer and retail stocks, influenced by Black Friday sales and the kickoff of the holiday shopping season. Yet, there’s also the often-cited “Thanksgiving Rally”: a pattern where the stock market has shown a tendency to perform slightly better during the holiday week. Rocky White, a senior quantitative analyst at Schaffer's Investment Research, analyzed that in the past 50 years, the S&P 500 has seen an average increase of 0.54% during the week of Thanksgiving. Furthermore, 68%

33% gain from mid day move when S&P 500 attempts to break the 4400 psychological barrier. The break indicates a bullish trend into the week ahead. Get ready for a green November towards Santa rally in December 🎅  Major averages notched a second week of gain into November, recovering the ground lost in the previous session, as Treasury yields stabilized. The S&P 500 climbed 1.56% to finish the session at 4,415.24. The Nasdaq Composite added 2.05% to 13,798.11, notching its best day since May. Stocks staged a rebound as the benchmark 10-year Treasury yield hovered around the flatline. It was a marked reversal from Thursday’s action in which the rate on the 10-year jumped more than 10 basis points. The spike in yields followed a dismal Treasury Department bond auction and c

Thanks again to Tiger for awarding the weekly top predictions for SPY & QQQ. We’ve witnessed an incredible 7 green days out of 8 trading days since November. The best thing is that Monday greens, not blues is back again 😂 TGIF chasing away Monday blues? 🥳 The S&P 500 on Friday advanced 1.31% for the week to close at 4,415.24 points, posting gains in four out of five sessions. Its accompanying ETF: SPY added 1.36% and Nasdaq Composite jumps 2.4% for the week. The central bank chief's hawkish remarks at a conference hosted by the International Monetary Fund on Thursday weighed on sentiment enough to see the S&P 500 (SP500) snap an eight-day win streak, its longest such run since November 2021. However, markets bounced back strongly on Friday as traders largely appeared to br

Thanks Tiger for awarding the weekly top predictions for QQQ and SPY! The S&P 500 rallied on Friday without participation from Apple since the poor earnings sentiment on Thursday. Get ready for more action next week! 🍏 Stocks closed sharply higher Friday to extend a monster rally that saw the big three indexes sweep to their biggest weekly gains of the year, as investors grew more hopeful that the Federal Reserve's interest rate hikes might have ended. The rebound this week came as the S&P 500 closed out a dismal period of three months straight with losses. The rally this week was sparked by the Fed’s decision to hold rates steady for a second straight time, along with the Department of Treasury’s borrowing plans that were less burdensome than feared. Bond yields, which have weigh

Thanks to Tiger for awarding the weekly top predictions for SPY back to back once again. Let’s get ready for the most crucial CPI data report follow by Fed’s decision to hike or pause interest rate next Tuesday and Wednesday respectively 💪 Economic data during the week gave some strength to the Fed pause narrative. The Institute for Supply Management's gauge of U.S. services activity nearly showed a stagnation for May, while factory orders for April rose less than expected. Moreover, initial jobless claims surged to their highest level since October 2021. The data pointed towards signs of cooling in the economy while also suggesting that cracks had begun to show in the highly resilient labor market.  The benchmark index closed up 0.6% to 4,294 on Thursday, vaulting it back into bull t

Thanks to Tiger for awarding the weekly top predictions for SPY once again. 63% profit from taking SPY calls on the last day of June as anticipated. Looking forward to greater gains in the second half of 2023 starting next week! 🤑 The S&P 500 has risen 15.9% this year to 4,450.38, but we're actually in a bull market, with a 24% gain from the 2022
closing low of 3,577.03 on Oct. 12. (One definition of a bull market is a 20% price increase for a stock index.) Although a pullback is likely to come over the short-term, especially heading into the Federal Reserve’s next decision on interest rates scheduled for July 25 and July 26, a continuation of the bullish cycle could continue into the end of the year. Take the stairs next? The S&P 500 gapped up 0.59% to start the trading day on Fr