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amd blowing out over head resistance


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#1 gannman

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Posted 22 July 2020 - 11:16 AM

if it holds it and doesnt fade to black  looks like a buy to me


feeling mellow with the yellow metal


#2 slupert

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Posted 22 July 2020 - 12:28 PM

if it holds it and doesnt fade to black  looks like a buy to me

whaddaya think of INTC tomorrow AM? Just a humble opinion of course.



#3 slupert

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Posted 22 July 2020 - 12:34 PM

 

if it holds it and doesnt fade to black  looks like a buy to me

whaddaya think of INTC tomorrow AM? Just a humble opinion of course.

 

Disclosure, I'm long/



#4 pdx5

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Posted 22 July 2020 - 03:04 PM

SP500 & DJI-30 closed strongly higher.

This is close to parabolic considering SP500 was under 2200 just 4 months ago. 

When is the last time we had  50% upswing move in 4 months?

I do not recall many Fearless Forecasts in March predicting 50% upswing.

 

Trade safe! Mange risk wisely.


Edited by pdx5, 22 July 2020 - 03:07 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#5 salam

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Posted 22 July 2020 - 03:55 PM

SP500 & DJI-30 closed strongly higher.

This is close to parabolic considering SP500 was under 2200 just 4 months ago. 

When is the last time we had  50% upswing move in 4 months?

I do not recall many Fearless Forecasts in March predicting 50% upswing.

 

Trade safe! Mange risk wisely.

More bullish froth 

 

tesla reports 4 consecutive quarters in profit. Up nearly 7% after hours 

 

https://www.cnbc.com...gs-q2-2020.html

 

expecting money rotating from the broader indices to Tech again next few days 

 

Tesla joins the S&P 


Edited by salam, 22 July 2020 - 03:57 PM.

I'm not sure what my future holds... But I know who holds it.

#6 pdx5

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Posted 22 July 2020 - 04:55 PM

 

 

 

 

Tesla joins the S&P 

 

 

Tesla joining SP500 is like adding after-burners to boost SP500 upwards even faster LOL


Edited by pdx5, 22 July 2020 - 04:58 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#7 K Wave

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Posted 22 July 2020 - 07:33 PM

TSLA still golden above 1560....but back below that, and huge fast correction likely.

 

But some signs of rot showing in the NAZ ship...

 

IF NQ can climb out over 10900 again tonight/tomorrow morning, then can see one more ramp possibly left in the tank before a sharp correction.

 

But if it blows out 10800, then it could simply just fall of the cliff edge right here....a lot of divergences here on longer swing time frames...

 

Still short Tech from the big reversal yesterday AM, but if bears don't bust it down right about here, then will cover and switch to long SPX for a run at the ATH.


What A Beautiful Black Sky


#8 K Wave

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Posted 22 July 2020 - 07:51 PM

Just saw this re TSLA

 

Automotive revenue declined by 4% year-over-year for Tesla from $5.38 billion to $5.18 billion, despite the company adding a new crossover SUV to its lineup, the Model Y, and opening a new plant in Shanghai in the past year.

 

Hmmmm...and tons of competition coming online over next 18 months.

 

I would take the Rivian R1T 10 times outta 10 over the silly looking Cyber Truck.

 

And the Rivian R1S  SUV blows away the Model X....seriously, not even a competition.

 

 


What A Beautiful Black Sky


#9 salam

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Posted 22 July 2020 - 08:42 PM

Thank you K wave. Solid analysis as always.

 

Bubbles tend to ignore fundamentals. An automaker with tech multiples, and competitors that are one step ahead.

 

my friend loves his Tesla, but the inconvenience when it needed parts and repairs, was enough to put him off getting another one. 
 

As for Musk and Space X. An expensive hobby for a dreamer. One idea I like though was using the moon as a huge solar panel.....however, getting that energy back to earth........


Edited by salam, 22 July 2020 - 08:42 PM.

I'm not sure what my future holds... But I know who holds it.

#10 12SPX

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Posted 22 July 2020 - 09:41 PM

Thats interesting what parts did he need though?