To The Moon

I have rightly guessed that Fri (13 Jan) market belonged to the Banks. Click here to read my post if interested. Pls "Like" it also - Tks. True to form they did not disappoint. By the time market closed : DJIA : +0.33% (112.64 to 34,302.61). S&P 500 : +0.40% (+15.92 to 3,999.09). Nasdaq : +0.71% (+78.05 to 11,079.16). Both Dow Jones and S&P 500 indexes are above their 200-day MA. In fact, Dow Jones index is above its 300-day MA too. It is still prudent to be alert for S&P 500 especially because it has crossed its 200-day MA after Fri (13 Jan) trading only. The index could still be considered "weak" and "unstable" for its 200-day MA mark ! Nasdaq has narrowed the gap with its 200-day MA. Nonetheless still a bit of distance to cover before it could stay above its 200-day MA. How Will US Market Open This Week ? Any residual momentum (force) from the 4 Banks' last week's Q4 results euphoria to power the US market on 17 Jan 2023 (Tue) ? 16 Jan (Mon) is Martin Luther King Jr's public holiday in the US. Looking at US Pre-market indicators (above diagram) - Red ! Bitcoin & Ethereum prices for last hour & 24 hours (above diagram) - Red & Red ! *Note : Bitcoin has surpassed the $20,000 per Bitcoin over the weekends. Asia markets (ASX - Green !, Nikkei - Red !, KOPSI - Green !, HSI - Green !) EU markets - -(DAX -Green !, FTSE -Green !, CAC -Red !). World Economic Forum has kickstarted at Davos, Switzerland today 16 Jan 2023. Will $Tesla Motors(TSLA)$ Continue Its Fall on Tue (17 Jan) ? With the latest round of Price Slash, total accumulated discount comes up to about 20% for selected models of Tesla EV. For a big ticket item like Tesla, a 20% is a substantial amount. The immediate perception is everyman for himself. In this instance, mr musk is only worried about mr musk and its bottomline. period. You only need to google and read about all the unhappy reports of customers feeling "duped" From an outsider's viewpoint, the Brand Equity is eroded single-handedly by the same man who claimed to have spent countless nights with the production team to overcome the technical hurdles in the early years. With all the negative / bad presss making its round, what is the knockoff physchological effect says about Tesla EVs ? Its desperate and maybe not as "wow" as what it has made itself out to be, no ? In addition, the overused trick of spreading rumours about building a 7th Giga factory in Indonesia should backfire eventually. Why ? The huge amount of monies to invest in building another plant means money diverted away from the Cash Reserves. Already there is a glut in supply and little to low Backlogs Quality issue is on the rise as well. Stormy weather ahead ? Do you think the market will continue to rally on Tues (17 Jan) ? Do you think Tesla stock price will continue to fall due to the irreparable damage inflicted by mr musk himself with all the craze sales / discounts. Please "LIKe" this post. Thanks. The rating is very important to me. @TigerStars @Daily_Discussion @CaptainTiger @MillionaireTiger @Tiger_SG @TigerPM