US Market on 07 Feb 2023 (Tue). TESLA Hit $200 ?

US market ended lower on Mon (06 Feb) as investors had ample time (over the weekend) to really think over and realized that the Fed is unlikely to halt interest hike anytime soon.

In addition, its really beginning to sink in that it going to be really further down the road for the Fed to start cutting interest rates.

Coupled with last Fri (03 Feb) Non-farm payroll (Jan 2023) data coming in much stronger than anticipated, these 3 factors were sufficient to see investors taking profits.

Most definitely, it did not help that  US Treasurey Secretary Ms Janet Yellen has publicly acknowledged that the US may avoid a recession; given that inflation is coming down, while the labor market remains strong.

By the time US market called it a day :

• DJIA : -0.10% (-34.99 to 33,891.02).
• S&P 500 : -0.61% (-25.40 to 4,111.08).
• Nasdaq : -1.0% (-119.50 to 11,887.45).  Falling further lower from 12,000 mark.
• Declining issues outnumbered advancing ones on (a) NYSE by a 3.37-to-1 ratio and (b)  Nasdaq, a 1.98-to-1 ratio favored decliners.

EXTRACTS - 3 Indexes - Moving Averages of 200day, 50day & 20day.

• With Dow Jones falling a little, daily since 01 Feb 2023 - Wed (when the Fed announced the 0.25% interest hike), its prudent to take a more detail look at the 3 indexes with regards to their respective Moving averages.
• The Dow Jones index is almost going to "kiss" its 20-day MA.
• Both S&P 500 and Nasdaq index are still "up-trending" for now.

Tesla stock price for the past month

• Does mr musk's acquittal by a US district court over a tweet that forced him to resign as Tesla’s executive chairman in 2018 has anything to do with ytd price surege of +2.52% ?
• Think so !
• Any punter/s will not miss this opportunity to drive up the stock price based on "euphoria"
• Next question on everyone's mind will be "Will Tesla Be Able To Rise Above The $200 Tag" ? 
• To be able to make an educated guess, will have to know what is US Market's today sentiments - right ?

Going Into 07 Feb 2023 (Tue), How Will The Market Behave ?

• Looking at US Pre-market indicators (above diagram) - Mostly Green !
• Bitcoin & Ethereum prices for last hour & 24 hours (above diagram) - Red & Red !
• Asia markets (ASX - Red !, Nikkei - Red !, KOPSI - Green !, HSI - Green !)
• EU markets - -(DAX - Red!, FTSE - Green !, CAC - Red !).

Its mix sentiments in both Asia and Euro market.