🔥 TESLA STOCK Q4 515,000 DELIVERIES? TSLA, SPY, NVDA, ES, NQ, QQQ, COIN AMZN, & MSFT PREDICTIONS! 🚀

Summary

Ray J provides an analysis of the current stock market as it experiences a slight pullback. He highlights key support levels for major stocks, including Tesla, Nvidia, SPY, and QQQ, suggesting potential dips and areas for bounces. Notably, Tesla's future outlook is strong, with a price target of $480, while Nvidia sees support from retail investors. Ray J also discusses broader market indicators like jobless claims and anticipates more market fluctuations before the year ends. Traders are encouraged to monitor critical levels for signs of further movement or reversals.

Takeaways

• 😀 The market is showing signs of a small retracement after the holiday break, but key support levels are crucial for predicting a potential bounce.
• 😀 Ray J emphasizes that he is not a financial advisor and encourages viewers to do their own research and not take his commentary as financial advice.
• 😀 Tesla's stock price target has been increased to $480 by analyst Ben KO, who maintains a 'buy' rating and believes Tesla’s self-driving service will be a major catalyst.
• 😀 Tesla is expected to surpass 515,000 Q4 deliveries, but the stock might not see much movement as the focus shifts to AI and self-driving cars.
• 😀 SPY is pulling back after nearing the $603 target, with key support levels at $598, $595, and $591 that should be closely monitored for potential rebounds.
• 😀 Nvidia's stock is receiving support from retail buyers, but there’s a risk of a small retracement with key support levels at $136 and $138.
• 😀 Bitcoin is approaching its $100,000 target but may dip back to $94,300 if it fails to reclaim $96,400, with a focus on the downside move in the short term.
• 😀 NQ (Nasdaq Futures) is expected to dip back to $21,800, with further downside risk to $21,500, indicating a potential for retracement before a bounce.
• 😀 The QQQ ETF could retrace to $525 or $528, with a possible rebound depending on whether these levels hold as support.
• 😀 Apple is testing key support at $257; if it fails, the next level to watch is $255 for a possible rebound or further downside.

Q & A

What is the current outlook for the stock market as discussed in the video?

The market is showing signs of a small retracement, which is considered normal. There are key support levels to watch as the market might bounce if those levels hold, but there's also a risk of further downside if these supports fail.

Why is Tesla’s stock being highlighted in this market update?

Tesla's stock is highlighted because of a recent analyst upgrade, where the price target was maintained at $480. The company’s expected Q4 deliveries are also a key focus, though it’s noted that AI and self-driving services could be the bigger catalysts for stock movement.

What are the expected Q4 delivery numbers for Tesla, and how might they affect the stock price?

Tesla’s expected Q4 deliveries range from 511,000 to 515,000 vehicles, with a possibility of surpassing that number. However, it’s expected that these delivery figures may not have a significant impact on Tesla's share price, as AI and self-driving technology are seen as the bigger stock catalysts.

What are the key support levels for Tesla’s stock price, and why are they important?

Key support levels for Tesla include 465, 460, 456, and 446. These levels are important because if the stock falls below them, it could signal a deeper correction, whereas holding these supports could indicate a potential bounce.

How does the broader market’s performance affect individual stocks like Tesla and Nvidia?

The broader market's performance has a direct impact on individual stocks. For example, as the market retraces slightly, stocks like Tesla and Nvidia could see temporary declines. Monitoring support levels for these stocks is crucial to determine if they will hold and potentially rebound or face further drops.

What are the significant resistance levels for Tesla’s stock price right now?

Tesla’s main resistance is at the $470 level. If the stock price cannot break above this, it might retrace to the support levels mentioned earlier.

What are the outlook and support levels for Nvidia’s stock in the near term?

Nvidia is currently facing some weakness, with resistance around $138. Key support levels to watch are $136 and $136.6 (near the 50 EMA). If these supports fail, Nvidia could see further downside.

What is the significance of the 50 EMA in the context of Nvidia’s stock?

The 50 EMA (Exponential Moving Average) serves as a key technical indicator for Nvidia. If the stock fails to hold above the 50 EMA, it could signal a continuation of the downtrend, while bouncing off it could indicate a potential rebound.

What key support levels should be watched for the SPY ETF, and why are they critical?

Key support levels for the SPY ETF are $598 and $595. These are critical because they represent levels where the price may bounce back if held. A failure to hold these levels could indicate a deeper correction toward the $591 range.

What is the potential market outlook for the QQQ ETF in the coming days?

For QQQ, support levels are expected around $528 and $525. If these levels fail, the ETF could dip further, but if support holds, we could see a bounce back toward $530.

What should investors watch for in terms of Bitcoin's price movement in the near term?

Bitcoin’s price is currently facing a pullback after approaching the $100,000 target. Investors should monitor the support levels at $96,400 and $94,300. A failure to hold these levels could result in further downside, while a bounce could keep the bullish momentum intact.

How are individual stocks like Amazon and Meta expected to perform in the short term?

Amazon is expected to retest support at $226 and $225, with potential for a bounce if these levels hold. Meta might dip to around $600, with further downside possible if support at $592 fails to hold.