Tesla Stock : Stock market did not have a good day

Summary

The stock market is experiencing fluctuations, with Tesla down and market congestion indicating an equilibrium between buyers and sellers. Key insights include the impact of upcoming earnings calls, the unpredictability of market reactions, and the influence of external factors like the VIX. The analysis covers various stocks, noting significant moves and suggesting caution. The speaker emphasizes the importance of strategic positioning and profit-taking amidst market volatility.

Takeaways

• 📉 Tesla is down 3%, closing at $248.50, indicating a congestion zone between buyers and sellers.
• 📊 Buyers are strong at $238, while sellers are strong at $265.32, leading to random fluctuations in the market.
• 🔍 New information from the upcoming earnings call could change the market balance, but reactions are unpredictable.
• 📈 Historical data shows that positive earnings don't always lead to stock price increases due to market sentiment.
• ⚠️ The VIX is up 9.62% to 14.47, indicating increased market volatility.
• 🪙 Bonds are moving sideways with little influence on the stock market.
• 📉 Major indexes like the SPX and NASDAQ are showing downward trends, especially in tech stocks.
• 📉 Stocks like Amazon, AMD, Adobe, and Google are experiencing declines, suggesting a potential need to take profits.
• 🔎 EV stocks and cryptocurrencies are showing mixed performance, with some sideways movements and declines.
• 🔔 Increased caution is advised due to the potential for further downward moves if the VIX continues to rise.

Q & A

What is the current status of Tesla's stock market performance?

Tesla's stock is down 3%, closing at $248.50 post-market. It is currently in a congestion zone, indicating an equilibrium between buyers and sellers with strong buying interest at $238 and strong selling interest at $265-32.

What is the significance of the upcoming earnings call for Tesla?

The upcoming earnings call for Tesla is significant because it will provide new information that could potentially change the balance between buyers and sellers, affecting the stock's performance. The content of the call and the market's reaction to it are both unknowns.

How does the speaker view the impact of news on stock movements?

The speaker believes that it's not the news itself that makes the stock move, but rather people's behavior based on their interpretation of the news. Even positive earnings reports do not guarantee a positive stock movement if the market interprets something negatively.

What is the speaker's perspective on the relationship between the VIX and the stock market?

The speaker is concerned about the rising VIX, which is up 9.62% at 1447. An increasing VIX indicates higher volatility and potential downward pressure on the stock market.

What is the current trend of the Dow Jones Industrial Average (DJIA)?

The Dow Jones Industrial Average is continuing to perform well, with a super high trend, indicating that it does not contain the same stocks as the NASDAQ and S&P, which are more focused on tech stocks.

How is the NASDAQ performing in comparison to the DJIA?

The NASDAQ is not performing as well as the DJIA. It is suffering a bit more, with a steep move down and a gap below 19975, indicating a weaker performance among tech stocks.

What is the speaker's advice regarding taking profit from tech stocks?

The speaker advises being very careful and considering taking profit from tech stocks, especially as they are seeing signs of reversal and downward trends in some of the major tech companies.

What is the current status of Amazon's stock?

Amazon's stock has broken the bullish channel resistance and is now under it, indicating a potential downward trend. The speaker suggests that it's always a good idea to sell at any point to preserve profit.

What is the speaker's view on the performance of AMD's stock?

AMD's stock has experienced a significant drop of 10% after failing to break the $185 resistance. The speaker suggests that this is a significant move and could be a signal to be cautious.

How does the speaker interpret the current performance of Bitcoin and XRP in the cryptocurrency market?

The speaker notes that XRP is on a tear, showing an 8% increase, which is fantastic. Bitcoin, however, is described as pausing a bit, indicating a temporary halt in its upward trend.

What is the speaker's strategy for managing profit and risk in the stock market?

The speaker emphasizes the importance of taking profit when possible and being cautious about market movements. They also mention using stop losses to protect profits and exit positions when support levels are broken.