Daily Stock Picks cover image

Daily Stock Picks

$TSLQ - I shorted $TSLA - WHY? - 6-27-23 Market Update

Jun 27, 2023
37:06

$TSLQ - shorting $TSLA - WhY?

The Great 8 Stocks - $MSFT $META $GOOG $TSLA $AAPL $AMZN $NVDA $NFLX

$CCL an over reaction


FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com 


SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3MFGCRG  $20 off your first month - only $5 for the first month


Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93


Sign up for Webull and get free stocks like I did - https://a.webull.com/yNyte9iTQnfaDYFHdv

Support the podcast - HERE

Social Links and more - https://linktr.ee/dailystockpick 

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. 


https://share.trendspider.com/chart/MSFT/29883d749vh?fbclid=IwAR3XSa6W_FVdK8nyerE8Incxd__wze6Je0rRk2Aq3PUs9X2yyFpaqd0jEf4



$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

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode