TSLA-Tesla Tumbles Almost 4 Percent | Stocks to Trade 10-10-17

TSLA-Tesla Model 3

TSLA-Tesla Tumbles Almost 4 Percent

Tesla Model 3 issues could delay or kill its ‘iPhone moment,’ analysts say

Tesla Inc.’s early production problems with the Model 3 could delay or even destroy the chances for the electric car maker’s “iPhone moment,” Barclays analysts said in a note Monday morning. Tesla TSLA, -3.91% shares dropped almost 4% Monday, in the first official trading since The Wall Street
Journal reported Friday afternoon that Tesla was building parts of the Model 3 by hand.

Tesla admitted earlier last week that “production bottlenecks” were hampering the launch of the Model 3, though that did not do any damage to the stock, which gained in five consecutive sessions last week.

marketwatch.com/tesla-model-3-issues

Tesla Balks At Model 3 Production Questions — As More Emerge

It seems Tesla (TSLA) won’t take reports that it is struggling to automate its production of Model 3 vehicles lying down, but the reports keep coming in fast and furious. The company rebuked as “fundamentally wrong and misleading” a Wall Street Journal report late Friday that it is building by hand large parts of the Model 3, a mass-market electric vehicle.

The company’s statement followed a Sunday tweet from Tesla Chief Executive Elon Musk, thumbing his nose at the Journal story with an video posted to Instagram of the automated Model 3 production line.

investors.com/tesla-production-plans

Tesla: Is Musk Finally Listening To The Accountants?

Has Tesla begun employing non-Tesla service loaners, hopefully abandoning the use of ultra-expensive P100D loaners? … In Q3 Tesla actually delivered more vehicles in a quarter than it built for the first time in nearly two years… Are the “bean counters” finally getting through to CEO Elon Musk, or is the
growing red ink just too big to ignore any longer?

seekingalpha.com/tesla-musk

TSLA Tesla In Chart 10-10-17

TSLA Tesla In Chart 10-10-17

Today's Trading Lesson

Candlestick Patterns | Well bid/Well offered

  • When two candlesticks form a higher high and a higher low and the last price is above the previous close it is considered well bid.
  • This is caused by institutional demand supporting higher prices
  • When two candlesticks form a lower high and a lower low and the last price is below the previous close it is considered well offered.
  • This is caused by institutional supply being offered to the market
  • * If well-bid or well-offered and the last price is outside of the previous trading range this is a “+” scenario (consider more leverage)
  • ** for those of you who are “old school” traders you will remember well bid meant that Goldman Sachs
    was advertising to buy a stock in level 2 quotes!
candlestick patterns

Well-Bid | Well-Offered Candlestick Patterns

Today's Trade of the Day | 10-10-17

GS-Goldman Sachs Chart 10-10-17

GS-Goldman Sachs Chart 10-10-17

GS-Goldman Sachs chart gives us a good example of game planning but not necessarily a trade yet. One of the most challenging aspects of trading is patience. Waiting to get the right price battles the need to earn money. GS order flow and momentum are strong, but we need the stock price to decline further before the risk justifies the potential reward. So we are planning $240 limit order to buy. If the stock rallies instead of declining I am letting it go. We want the distance between our risk to be further away from our potential profit to execute a trade that makes sense. Too close to break-even and you become a break-even trader.

SPY ETF Chart 10-10-17 60 Minutes

SPY ETF Chart 10-10-17 60 Minutes

HEADLINE NEWS

Stock Market Sector Performance

Stock Market Sector Performance on 10-9-17

Stock Market Sector Performance on 10-9-17

Stocks to Trade | Tuesday Edition 10-10-17

Bullish Momentum: HMNY, YUMC, KEM, MU

Bearish Momentum: esrx, cvx, aap, wba, gis, k, jwn

ORDER FLOW

Bullish Order Flow: HMNY, YUMC, MU, HTZ, HFC, BIDU, CAR, AABA, SRPT, MAR, XLNX, MA, AMTD, AMAT, PSX, DE, UTX, EOG, ABBV, COF, CC, PYPL, LYB, LLY, CAT, PNC, BA, HD, LRCX, VLO, LOW, ADI, C, JPM, AA, ROST, DLTR, GS

Bearish Order Flow: mdt, wba, gis, k, agn, hca, momo, khc, pep

Double Normal Volume: CVS, MDT, HMNY, WBA, ESRX

Inside Days: intc, apc, schw, cop, dal, abbv, abt, celg, bmy, glw, cvx, met, ual, wmb, wdc, tsn, unp, clr, trip, aaoi, nov

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