To The Moon

For week ending 8 Nov 2024, US stocks just had their best week of 2024. All 3 major indexes pressed to record highs after Donald Trump won the 2024 presidential election. (see below) The S&P 500 index and the Dow Jones Industrial Average rose more than +4.5%. The Nasdaq Composite rose nearly 6%. What’s Up This Week? For the week beginning 11 Nov 2024, a fresh reading on (a) inflation and (b) retail sales, will lead the economic calendar. In quarterly earnings season, listed companies $Home Depot(HD)$, $Cisco(CSCO)$, and Disney (DIS) will highlight another week of earnings reports. Incidentally, Warren Buffett backed $Nu Holdings Ltd.(NU)$ [NuBank] will also be re

Bitcoin reached a new all-time high, surpassing $82,000 on Monday.The recent cryptocurrency surge has resulted in significant losses for short sellers, with Coinglass data showing over 210,000 liquidations and a total of $690 million lost within the past 24 hours.$100,000 or $125,000? Is it possible?As Bitcoin’s price continues to soar, some analysts predict it may exceed $100,000 per coin this year. Standard Chartered’s Global Head of Digital Asset Research recently suggested that if Trump wins, Bitcoin could reach $125,000 by the end of this year and $200,000 by the end of 2025.Cryptocurrency is seen as part of the "Trump trade." Throughout his campaign, Trump expressed support for Bitcoin and crypto, aligning them with American values of innovation and autonomy. He aims to advance polic

$Tesla (TSLA)$Was the option strategy shared last week of buying calls and selling puts effective?This method is not only convenient for entry, but also for exit. With TSLA trading up to $340 pre-market, many are likely looking to take profits. For stock positions, the exit is simply reducing share size. For call options, the exit is rolling - closing out your long calls and re-opening cheaper, higher strike calls.Many option buyers either hold through pullbacks, seeing profits erode or even losses, or they just outright close positions leaving further upside on the table.To avoid these two scenarios, relying on mental fortitude alone is insufficient. Preserving capital while compounding gains is the wiser approach when speculating.Which call opti

$Tesla Motors(TSLA)$ this is crazy 😭