Tesla closed on Friday at $1,545. By 10:00 am this morning it hit $1,795, up 16% on no news. It ended the day at $1,497, down 17% from its high. I believe they call this a blow off top. The Nasdaq 100 followed suit. Following its blow off top on March 7, 2000, it proceeded to fall 80%. Is history about to rhyme?
The Nasdaq 100 rallied more than 2% intraday to set an all-time high, then reversed to close down by more than 1%.
It's done that twice. Today was one.
March 7, 2000 was the other. pic.twitter.com/zEJoOrf6JZ
— SentimenTrader (@sentimentrader) July 13, 2020
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Market Fundamentals and Technical Analysis, went to sleep with the fishes.
Don”t be jelly you didn’t buy low.
No. Tesla is disconnected from the market on the upside, protected by the FED printing from the downside. A lot of really smart day traders are just locking in their profits on the good days, as they should. They will do it again tomorrow. Forget all the interday noise. For a buy-and-hold guy, Tesla was down 3%. For anybody who trades, the volatility of Tesla for the last couple years has been money in the bank.
it’s not trading, it’s speculating,
it’s a different from of gambling addiction.
it’s what jackals and hyenas do, when they contemplate stealing a fresh kill from a predator.