Tesla Bearish News Continues TSLA 2-12-18

TSLA-Tesla

TSLA-Tesla

Tesla Wraps Up Worst Week Since July on Slow-Going Model 3

Elon Musk went from flying high after his successful SpaceX launch to watching Tesla Inc. shares fall back to Earth.

The electric-car maker’s stock dropped 9.7 percent this week, the biggest one-week slide in seven months. The decline — which has been steeper than the broader market selloff — has been fueled by concerns surrounding Tesla’s Model 3 sedan.

The automaker reported fourth-quarter results after the market closed Wednesday that included a dramatically reduced cash burn and unchanged production targets. But Musk disclosed during the earnings call that a new automated battery line is still in Germany, leading some analysts to fear further delays.

bloomberg.com/tesla-tumble

Tesla clarifies Musk’s Model 3 promise amid worst week for the stock since July

Tesla Inc. stock notched its worst week since July as concerns about the Model 3 production ramp lingered and the Silicon Valley car maker moved to clarify that it has all the equipment in place to meet its targeted rate of production for the mass-market sedan.

Tesla TSLA, -1.53% shares fell 9.7% in the week ended Friday, their worst weekly showing since the week of July 7 amid steep weekly losses for the broader stock markets. Tesla stock closed down 1.5% on Friday at $310.42, its lowest in slightly more than two months.

marketwatch.com/tesla

TSLA Tesla Inc Chart 2-12-18

TSLA Tesla Inc Chart 2-12-18

Cryptocurrency Investing

Bitcoin Chart BTC USD 2-12-18

Bitcoin Chart BTC USD 2-12-18

JPMorgan Publishes The “Bitcoin Bible”

Five months after Jamie Dimon’s infamous outburst, in which the JPM CEO called Bitcoin a fraud, and threatened any JPMorgan trader caught trading cryptocurrencies with immediate termination “for being stupid…”

…which was followed by JPM’s head quant alleging bitcoin was a pyramid scheme, the largest US bank has released what can only be called the “Bitcoin Bible”: 71 pages of excruciating detail on everything from the technology of cryptocurrencies, to their applications and challenges.

Continue Reading == >

Today's Trade of the Day | 2-12-18

Apple inc Chart AAPL 2-12-18

Apple inc Chart AAPL 2-12-18

AAPL offering a new momentum swing trade (not order flow.) Game planing a $158 buy stop to trigger the entry. If the stock price reaches $165, I plan to take profits. Stop loss comes in on a close below $156.

Become a Better Trader. Get Notified.

SPY ETF Chart 2-12-18

SPY ETF Chart 2-12-18

HEADLINE NEWS

Goldman’s Shocking Capitulation: The Buy-The-Dip Era Is Dead, “This Is A Genuine Regime Change”
https://www.zerohedge.com/news/2018-02-11/goldmans-shocking-capitulation-buy-dip-era-dead-genuine-regime-change

Stock market got you confused? 13 of your questions, answered
http://money.cnn.com/2018/02/12/investing/stock-market-volatility-faqs/index.html

Financial stocks got wrecked last week. Here are three names to buy
https://www.cnbc.com/2018/02/09/buy-financials-in-the-dip-says-mark-tepper.html

Twitter Collects More Price-Target Increases As Optimism Climbs
https://www.investors.com/news/technology/twitter-collects-more-price-target-increases-as-optimism-climbs/

One Of The Creators Of The VXX Explains The Problem With Many Volatility Products
https://www.benzinga.com/general/education/18/02/11151739/one-of-the-creators-of-the-vxx-explains-the-problem-with-many-volat

S&P 500 Heatmap

SP 500 Heatmap 2-12-19

SP 500 Heatmap 2-12-19

Stocks to Trade | Monday Edition 2-12-18

MOMENTUM

Bullish Momentum: URBN, TWTR, EVHC, SWKS, LITE

Bearish Momentum: SLB, COP. ESRX, HES, UTX, YUMC, CVS, TSLA, DAL, HAL, APA, NWL, DHI, LEN, AAL

Bullish Order Flow: HCA, NKTR, EA, KSS, DG, MA, LOW, TGT, BBY

Bearish Order Flow: SLCA, EQT, UPS, SCG, CGNX, APA, CERN, UAL, SLB, LRCX, XOM, LUV, CVX, PG, LLY, AVGO, ALL, HCN, KHC, CBS, AGN, EIX, PM, DUK

Double Normal Volume: AAPL. TWTR, MSFT, NVDA, XOM, NWL, QCOM, SLB, DAL, ATVI, V, EXPE, NFLX, AMZN, TSLA, UTX, UPS, DHI, SKX, AXP, KORS, MCD, COF, MMM

Inside Days: mrvl, teck, bax, pgr

About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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