To The Moon

Thanks to Tiger for awarding the weekly top predictions for SPY again. Most importantly, a big congrats for all to have survived another brutal onslaught of the stock market and soaked patiently in this August bloodbath. TSLA dropped 1.7% to $215.49 which marked the sixth consecutive drop for Tesla stock and the 13th in the past 14 trading sessions. The good news for investors after the decline is that Tesla stock is nearing some technical support such as the 50% Fibonacci retracement level which coincides with $200 being the psychological barrier. August is almost done in a week It also happens to be supported by the 200-day moving average which is near $197 at the moment and rising gradually. The current price action seems like an attractive discounted buy should it shows a higher high

I think it is really risky to invest in Chinese stocks in the current climate. There I said it! When I mention “Chinese stocks”, I refer to stocks from both China and Hong Kong exchanges. Both China and Hong Kong economies are in a doldrum to put it mildly. This alone makes investment risky, when any economy is faltering due to many reasons. If you have been keeping up with the news coming out from China, you will concur too. (1) Property Market Crisis. China property market is facing a major crisis. Many developers (state backed and private) are roiling the nation’s dollar-bond market and adding to concerns about the health of China, the world’s second-largest economy. This includes Country Garden (latest developer) seeking delay payment (for another 3 years) on a private onshore bond f

The electric vehicle (EV) industry is undeniably one of the most promising sectors in today's market, with companies racing to secure their place in the future of transportation. Amidst this fervor, $VinFast Auto(VFS)$, a Vietnamese electric automaker, made a grand entrance onto the Nasdaq, sending shockwaves through the financial world. However, as the dust settles, concerns emerge about the company's rapid rise and the potential dangers that lie beneath. VinFast began trading on the Nasdaq Tuesday. VinFast's debut was nothing short of spectacular. The company surged an astounding 255% on a trading day, capturing attention and amassing a market capitalization that momentarily surpassed established giants like $