Today we’re going to talk about Tesla and the market. Yesterday was a fairly interesting day, but the Dow, NASDAQ, and S&P, for the most part, closed flat. Today’s action is going to be sparked by Nvidia, which is up 10% in the after-hours, but …
Today, I am excited to talk about Tesla’s recent performance. The stock has been on fire, and those who were in at the recent lows have seen a 115% increase. However, I have to remind you that Tesla is still in a downtrend and we …
I want to talk about the stock that no one is talking about. A stock that appears to be breaking out and possibly headed for its all-time highs. In the name of that stock is Abby Incorporated.
One thing I like about trading is trying to find stocks that’s no one is talking about. Stocks that are breaking out headed to the all-time highs. Stocks that no one is talking about are the stocks that can each higher levels without receiving all that froth. Stocks like Nio (NIO), Workhorse (WKHS), and Tesla (TSLA) get all the love when it comes to trading. Traders just want to jump right in and buy and expect to make a boat load of money, but highly publicized stocks tend to be more high risk because once the rug is pulled out from underneath, the stock plummets scaring most traders forcing them to sell to protect their profits that was made from when the stock was headed higher.
So enough about the hot stocks that everyone wants to buy, let’s talk about this hot stock that people are yet to buy, and that hot stock is Abbvie, Inc. Ticker symbol ABBV.
Abbv stock is currently breaking out above resistance at $100 and if successful should head towards it’s all-time high of $125.86. Last time it was at its high, the stock broke down and headed all the way down to $62.66. This time things could be different. When Abbvie was trading at its lows, is exactly when the company bought Allergan, global pharmaceutical leader. Since that purchase, the stock has been trading higher and so far has never looked back. Abbvie also pays a nice divided on 5.16 percent.
I talk about all of this in this video and show you exactly how I think the stock will behave from here.
So the stock market goes up everyday. Your waiting to get in, so you can buy stocks at a lower price, but the stock market doesn’t let you in. You remain prudent by waiting for your moment for stocks to go on sale so you …
Today was a difficult day in the market. Especially around Tesla (TSLA) stock. If you haven’t heard yet, Tesla’s CEO Elon Musk was on a Twitter rampage today. It all started around 1130am when Elon made a tweet that said that said “Tesla stock price …
Even thought the world is closed, is it possible for Tesla and Nvida to reach all time highs? Well, I don’t know about that, but what I do know is that both stocks are about to break out their recent consolidation areas in the 4hr chart and head higher. It was just last week to where Amazon stock (AMZN) went on a tear. Amazon stock had the same chart setup and I was actually ready to drop $25k on a leap call option. I never paid that much for an option before but I was that confident that Amazon was going to have a run of a lifetime. The only thing wrong with this setup is that I didnt get in. Amazon did rip higher, but I missed it as I was trying to be a prudent investor and wait for a pullback. There was no pullback in the stock ever and it ripped straight up over a few days to be higher by over 20 percent. That kind of move is really unheard of for a trillion dollar market cap stock. I mean, Amazon was trading like a penney stock. It was obvious that the whole market was hiding in Amazon.
Earnings happens to be this week and Amazon better not disappoint. Wait a minute. Isn’t this post about Tesla and Nivda? Yes, it is. The reason why I mentioned Amazon is because I see the same setup in both Tesla and Nvida stock.
So how can you take advantage of this situation. Easy, grab a big bat (a call option) and swing for the fences. I’m not doing that myself but instead, I’m going to bunt. Yes, bunt. Im selling short term call options below the stock price to add some theta burn as well. It also allows me to be wrong for a few points.
Check the video out, I had a good time making it. Remember, all my videos are live. So please hit the bell and subscribe.
I got burned by Tesla. No, not the car but the stock; $TSLA. If you follow my you know I’m all about stocks. Well for now I am. I am about photography, trucking, stocks, and maybe a little of talking smack. I really mean the …