$TSLA still going - 3 insider sales - 6-12-23 Market update

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$SPY and $QQQ - OFFICIAL BULL MARKET

$TSLA going

3 insider sales from $NFLX $PANW $AMD - plus a BIG runner of over 200% now has insider sales

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NOTES 

Tuesday is cpi 

Wed is Ppi and fed - Fed likely to pause on wed - 72% chance that the market has priced in . 

Thu is jobless claims 

3 big insider sales - Reed Hastings on $NFLX (over $10million) and $PANW CEO (over $120M) 

$AMD Lisa SU (CEO) sold over $36M worth of shares

$SMCI Super Micro Computer's CEO and other executives sell more that 50% of their shares after a +200% move YTD.

$TSLA - 11 straight days of positive gains for the stock - golden cross - macD and RSI stretched - the gap is only slightly above - Long term trim - short term - trim - but hold for long

What are gaps - investopedia - https://www.investopedia.com/articles/trading/05/playinggaps.asp

$baba for aiden from instagram 

$ma for max on instagram 

Butch from fb 

Can I get your thoughts on DISH ?? A friend asked me about it a few days ago. I’m from the UK and don’t know how big this company is over in the US but it’s MC is nearly 4bn 👀 Current market price is sitting on a volume shelf with a small area of support at 5.95 where it double bottomed. Below that area it looks very frosty and there’s been a small but steady decline in revenue over the last few quarters. I don’t like the chart but I’m intrigued by the insider buys. One Director has been scooping up shares this year 👀👀 You have to wonder why … 🤔🤔 really low P/E and an intriguing forward P/E too. Not sure if it’s forward P/E is a bit irrational given it’s current P/E 🤔. If it can flip the 8.34 area I think it could rip. But it looks like it could struggle to get there… 

There has also been recent rumour of a partnership to help pay for its 5G network rollout. Amazon was mentioned but there has been no further news.  

I think the rate hikes have hurt this stock. I don’t think we have too much further to go in the hike cycle which could be bullish for DISH. 

Unsure on this one but there’s a few things that intrigue me…. 

Would love to hear everyone’s opinions … 

$dg for butch too 

$pdd for Melissa on fb 

My weekly stock pick is Boeing $ba 

SCANS

$UNH

$SCO

$SARK

$HSY

$ADBE - EARNINGS this week too - and if you haven’t seen their integration of AI in to their consumer photo/video projects, this is a stock that will be a monster. 

$NFLX - even with the insider trade - it’s got a huge secondary cross up

$TMUS - this could be the catalyst that moves it back over the 200 day. 

$BLK

$ORCL - earnings are coming - it’s run so much