TSLA Tesla Stock Jumps 6 Percent 1-9-18

TSLA-Tesla

TSLA-Tesla

Why Tesla Stock Just Jumped 6%

Shares of Elon Musk’s favorite electric-car maker Tesla (NASDAQ:TSLA) are (sock) hopping today — up 6.5% in early trading and still up 5.9% as of 1:05 p.m. EST Monday — and no one seems 100% certain of why. Two possibilities suggest themselves, however.

First, over the weekend, Musk tweeted that he plans to “put an old school drive-in, roller skates & rock restaurant at one of the new Tesla Supercharger locations in LA.”

Similar to what we saw with Musk’s send-a-Tesla-to-Mars tweet last month, this one brought the now-to-be-expected chorus of cheers on Twitter and is getting Tesla a fair share of free publicity as a result.

fool.com/tesla-stock-price

Tesla is a ‘threat,’ but we’re ‘more than up to the challenge,’ Chinese start-up says

Tesla is gearing up to manufacture its cars in China, but one of its primary competitors there says it isn’t sweating the competition.

Louis Hsieh, CFO of Chinese electric vehicle start-up Nio, told CNBC Tuesday that he firmly believes his company is up to the challenge posed by Elon Musk’s barrier-breaking car company.

China has always been seen as an attractive market: The sheer number of potential consumers has made it difficult for major companies to ignore the country. Tesla is no different, striking a deal last year to build a factory there.

cnbc.com/tesla

TSLA Tesla Chart 1-9-18

TSLA Tesla Chart 1-9-18

Crypto Investing

The biggest misconceptions about bitcoin

The price of bitcoin rose 1,221% in 2017. Everyone was talking about the cryptocurrency in December, and will continue to talk about it into 2018, even though the frenzy and general conversation has expanded to cryptocurrencies like litecoin, ether, ripple and beyond.

But as the general public takes a much larger interest in bitcoin, a number of popular misconceptions still linger. You see people shouting these things on Twitter, or hear friends or colleagues saying them, or even sometimes read them in an incorrect news article.

CONTINUE READING == >

BTC USD Chart 1-9-18 Sixty Minutes

BTC USD Chart 1-9-18 Sixty Minutes

Today's Trade of the Day | 1-9-18

GS Goldman Sachs Chart 1-9-18

GS Goldman Sachs Chart 1-9-18

Good trade ideas were hard to find today. And that is a giant lesson, especially for day traders. 

This chart of GS-Goldman Sachs was reviewed last week in a tape reading lesson. Although the stock was "technically" in an uptrend, we see trouble for the bulls as the stock was not rallying with the stock market indices and was consistently closing below the open price.

If you hope to become a profitable trader, you MUST learn to make more distinctions. "Is it a buy or a sell?" is simply not enough information, you need to know how to dig into the charts and get the complete answers before you accept risk. ​

I spend a massive amount of time teaching tape reading  here. Get started today.

SPY ETF Chart 1-9-18

SPY ETF Chart 1-9-18

HEADLINE NEWS

GoPro Chief Goes From $287.2 Million A Year To $1; Sale Talk Surfaces
https://www.investors.com/news/technology/gopro-chief-goes-from-287-2-million-to-1-sale-talk-surfaces/

A Quick Look at the Technicals for Gold and Silver as 2018 Begins
http://editors.aws.marketrealist.com/2018/01/quick-look-technicals-gold-silver-2018-begins/

AI predictions for 2018: Breakthroughs in health care, not in cars
https://www.marketwatch.com/story/ai-predictions-for-2018-breakthroughs-in-health-care-not-in-cars-2018-01-09

Cryptocurrency market will see crash and then consolidation, Ethereum co-founder says
https://www.cnbc.com/2018/01/09/cryptocurrency-market-crash-consolidation-ethereum-co-founder.html

Overstock’s Huge Upside Hinges On Blockchain; DA Davidson Raises Target To $110
https://www.benzinga.com/analyst-ratings/analyst-color/18/01/11000795/overstocks-huge-upside-hinges-on-blockchain-da-davidson

S&P 500 Heatmap

SP 500 Heatmap from 1-8-17

SP 500 Heatmap from 1-8-17

Stocks to Trade | Tuesday Edition 1-9-18

MOMENTUM

Bullish Momentum: SHOP, CSX, SLCA, NFX, OSTK, CAH, XNET, NTNX, TSLA

Bearish Momentum: lb

ORDER FLOW

Bullish Order Flow: OSTK, A, SLB, CAT, TSCO, KSS, NVDA, NFLX, EOG, LOW, TXN, BA, TGT, AABA, UTX, DVA, UPS, LYB, UNP, V, AMZN, MA, DE, MAR, FB, DG

Bearish Order Flow: pcg, eix

Double Normal Volume: STX, KSS, WATT, UTX, D

Inside Days: intc, ko, mdt, unp, wmb, jci, apc, qcom, tsm, ctrp, lvs, bax, adbe, cost, adi

Become a Better Trader. Get Notified.

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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