To The Moon

As I expected, $TSLA chose not to unveil a $25K-$30K$Tesla Motors(TSLA)$ compact at this time out of concern that such an announcement would Osborne Model 3 sales until the TSLA Compact was ready for launch. Also, the event was “We, Robot” and not “We, Car.” We continue to expect the TSLA Compact to launch in 2025/1H, as reiterated by Elon on the TSLA 2Q earnings call on July 23.

The S&P 500 $SPDR S&P 500 ETF Trust(SPY)$ $iShares Core S&P 500 ETF(IVV)$ $Vanguard S&P 500 ETF(VOO)$ and Nasdaq-100 $Invesco QQQ(QQQ)$ returned 1.39% and 1.44% last week, respectively. Major market movers included Nvidia (-2.6%), UnitedHealth (-2.91%), Pepsi (-3.48%), Philip Morris (-3.84%), FedEx (-11.08%), Apple (+2.56%), Meta (+7.1%), Amazon (+2.74%), Alphabet-A (+3.89%), and Microsoft (+1.09%). Key economic data this week include Manufacturing and Services PMI on Monday, Consumer Confidence on Tuesday, GDP and Unemployment Claims on Thursday, and PCE on Friday. Major earnings this week include Micron on

I closed $BABA 20240920 90.0 CALL$ ,BABA: collected full premium from this covered call that expired worthless on 20th Sept. BABA is testing new recent high this week but seems to be resisted around the $90 mark. Probably reasonable to consolidate before pushing higher. On other hand, allows me some of my coveted calls to expire worthless 😋

Yesterday, after Fed announced a 50bps rate cut, US stocks experienced a roller-coaster ride. Powell’s speech suggests that the 25bps intended for July could be included in the September cut. However, Powell also expressed a hawkish stance, indicating that the Fed won’t continue cutting rates at this pace.50 bps rate cut is a significant catalyst for the market.The most likely beneficiaries of the rate cut are U.S. Treasury bonds and small-cap growth stocks. BU.S. Treasury prices have a predictable upward trajectory. However, $iShares 20+ Year Treasury Bond ETF(TLT)$ closed at $99 yesterday, presenting a good buying opportunity.Moreover, lower borrowing costs for small and medium-sized companies will improve their profitability. As a result,

The July personal consumption expenditures inflation report on Friday is likely to reassure investors that an initial interest-rate cut by the Federal Reserve is in store for next month - but don't ex

With the US politicians warming up to cryptocurrencies, cryptocurrencies are poised to regain from their recent losses. Together with growing expectations of commencement of the Fed rate cuts next month, hopefully cryptocurrencies will regain their past glories and help to lift the largest US-listed cryptocurrency exchange $Coinbase Global, Inc.(COIN)$ along in the coming months, as renewed trading enthusiasm returns. $Faraday Future Intelligent Electric Inc.(FFIE)$ doubled its market capitalization this week after the market cheered its completion of shares consolidation of 1-for-40 outstanding shares in a bid to boost its stock p

GDXJ, or the VanEck Vectors Junior Gold Miners ETF, is an exchange-traded fund that tracks the performance of small-cap gold mining companies. It provides investors exposure to junior gold mining companies, which are typically smaller and more volatile than their larger counterparts. This ETF offers a convenient way for investors to gain diversified exposure to the junior gold mining sector without having to select individual stocks. Below we update the Elliott Wave outlook for the ETF. GDXJ Monthly Elliott Wave View GDXJ Daily Elliott Wave View Monthly chart of Gold Miners Junior ETF (GDXJ) above shows that the ETF ended wave ((II)) in grand super cycle degree at 16.14. From there, it starts a new bullish leg higher in the form of a nest. Up from wave ((II)), wave (I) ended at 52.5 and pu

$CrowdStrike Holdings, Inc.(CRWD)$ - How severe is this incident? There is no updated open interest data in the market currently. The available data is only from Wednesday. It's safe to assume the OCC system is still down and brokers cannot retrieve the latest information.It's a relief the markets can still open normally today, but with July 19th option expiration, traders are essentially operating blind without full data visibility.I was planning to further analyze the rationale behind the NVDA 100 put buying, but that will have to wait until next week.Time for the usual weekly roll: $Apple(AAPL)$ Sell $AAPL 20240726 235.0 CALL$ Sell

$Apple(AAPL)$ Apple, one of the most popular US stocks that I get asked quite often on has been a laggard for more than a year. Sideways and boring.. But FINALLY, it seems like it has AWOKEN! With it breaching this key RESISTANCE after a surprising announcement, have we turned BULLISH? Watch this video to find out. Attend a FREE Live webinar to DISCOVER what it says on my 1GT system and why >> https://bit.ly/1GTLive 😅