Daily Stock Picks $TSLQ - I shorted $TSLA - WHY? - 6-27-23 Market Update
$TSLQ - shorting $TSLA - WhY?
The Great 8 Stocks - $MSFT $META $GOOG $TSLA $AAPL $AMZN $NVDA $NFLX
$CCL an over reaction
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NOTES
$TSLQ buy - $33.70 - 65 min algo provided support - but hold tight - on a daily $TSLA hit a golden cross (50 day crossed up on the 200 day). This won’t be a long hold for me.
How does $TSLA typically perform after a Golden Cross?
If you entered long the day after a Golden Cross and exited one month later (21 candles), you would have just a 55% win rate and avg return of -0.41%
Seems like a lagging indicator on this particular name.
AXS TSLA Bear Daily ETF (TSLQ)
The AXS TSLA Bear Daily ETF seeks daily investment results, before fees and expenses, that correspond to the inverse of the daily performance of the common shares of Tesla, Inc. The expense ratio of the fund is 1.37%. <- I chose this based on Volume
Direxion Daily TSLA Bear 1X Shares (TSLS)
The Direxion Daily TSLA Bear 1X Shares seek daily investment results, before fees and expenses, of 100% of the inverse of the performance of the common shares of Tesla, Inc. The expense ratio of the fund is 1.07%. <- less expense but I hadn’t looked at the 5 day comparison since I’m holding short term.
https://seekingalpha.com/symbol/TSLS/charting?compare=TSLS,TSLQ&interval=5D&metric=priceReturn
$MSFD might be a play with the next volume support level around $308 and that gap down at $315
https://share.trendspider.com/chart/MSFT/18946dg9390
Add to it this daily chart from Trendspider showing that volume gap on the daily.
$ccl - any reaction is an over reaction - earnings were good - get this on the pullback - I think a $13 handle is really good - but don’t wait that long … once it dips start to add
$nvda under $400
$NVDS would have ben a good play while it was at $440
$uber might be time to buy it now … it’s going to $50
$PLTR - might be due for a bounce off the gap fill.
$mara coming back down to $10
$SLG went crazy selling one park ave for a huge gain
$CRWD - I like it down to the $130’s - see some support and going back to $180’s.
Still like $LNG for exporting Nat Gas - no matter the price of Nat Gas
Did you get $HD under $300?
$TGT moved up 2% to $134 further capitulating a potential bottom.
UBS upgraded $mrna but lowered their price target to $190 - it’s trading well below that
$mltx - drug approval
$nue - infrastructure play - kind of like $clf but a bit more expensive
I like brads portfolio here
https://savvytrader.com/brad/smn
$lly weight loss drug hugely positive in trials - $nvo also has one
Chatgpt portfoio on Twitter
As a reminder, here is the list of 20 stocks picked for the week
$LLY - 84
$CFLT - 84
$CVLG - 82
$VERA - 81
$VRTX - 81
$NATI - 81
$OSW - 80
$RMBS - 79
$KKR - 79
$DICE - 78
$RYI - 78
$MCD - 78
$THO - 78
$ACLS - 77
$NVDA - 77
$CBIZ - 75
$CWH - 75
$RDN - 75
$LEN - 75
$SH - 81
$shw for AJ on Facebook
Dman thinks $siri pushes to $4
$dal upped guidance based on increased revenue and earnings per share up
Great 8 - no reason not to be in them at whatever price
$meta
$goog
$aapl
$nvda
$amzn
$nflx
$tsla
$msft
$snow and $nvda partnership announced
SCANS
$FANG
$HD
$BBY
$SIRI