To The Moon

US had a strong rally session yesterday (10/8) as inflation fears fade. The annual inflation rate slowed more than expected to 8.5% in July from an over 40-year high of 9.1% hit in June, & below market forecasts of 8.7%. The Nasdaq is now up 20.8% since bottoming but still needs to pass its prior peak in November to confirm a new bull market. Volatility index closed at a 4-month low. The uptrend is now in a "power trend," a bullish shift. Besides the tech boom, lithium stocks also had a run. Lithium stocks & LIT ETFs are ways to play the rising demand for electric vehicles, without having to pick a specific EV maker. $Global X Lithium & Battery Tech ETF(LIT)$ $Albemarle(ALB)$ $Sociedad Quimica Y Minera De Chile SA(SQM)$ $Livent Corp.(LTHM)$ The Global X Lithium & Battery Tech ETF climbed 2.36% to 78.80, moving above the 200-day line for the 1st time since late January. Investors could use this as an opportunity to buy the LIT ETF, which offers a broad way to play the EV trend. Lithium giants Albemarle (ALB) & Sociedad Quimica y Minera de Chile (SQM) reached entry points: (1) ALB rose 5.98% to 259.30. It has a 273.78 buy point from a deep cup-with-handle base, according to MarketSmith Analysis. However, if one takes the 31%-deep handle as its consolidation, then ALB stock is clearing a 250.25 handle entry (see photo). Last week, ALB’s earnings easily beat expectations, with EPS up 288% & revenue 91%. The lithium giant also doubled full-year EPS guidance. Lithium prices are high and likely to stay that way, with ALB converting more contracts to spot prices. (2) SQM rose 3.77% to 101.12, clearing an early entry of 99.84. The handle is slightly too low in the base to be a proper buy point, which officially remains 115.86. SQM earnings are due on 17/8 (Wed). Livent (LTHM) stock jumped 6.74% to 28.20, clearing an early entry at 27, modestly above the 200-day line. LTHM stock has an official 34.71 buy point. Last week during earnings, LTHM’s revenue grew 114% & had a 825% EPS growth. Besides Ganfeng Lithium, all lithium stocks on my watch-list rose between 3.77% to 10.94% signifying that investors’ POV towards lithium stocks are bullish. Fellow 🐯🐯🐯, which US lithium stocks are you bullish for❓ Do share your thoughts with me in the comments section & please help to like my posts, many thanks 🤗 If you enjoy reading my posts, you can follow me & be updated whenever I post 😉 I’m hoping to share my research & experiences with newbies & I’m looking for like-minded individuals who are wanting to join a community who shares, discusses constructively with respect, learns, grows, & accumulates wealth together 🤝💰 As usual-🤔💭 Consider POV & Actions of investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰 Source websites: Trading Economics, IBD, & Reuters. @Daily_Discussion(11/8) @TigerStars@CaptainTiger@MillionaireTiger