It's a good thing I recommended selling one of the positions on TSLA last Wednesday...and selling the other position Tuesday morning. Tesla Inc (TSLA) daily An analyst at Goldman Sachs downgraded TSLA this morning hence the 7% sell off. What is quite amusing is that this particular analyst has the worst track record on the planet. Go figure. TSLA traded all the way down into support today so likely to get a 3% bounce tomorrow. All in all we made a nice profit...twice. Remember, … [Read more...]

I write this after market close on Thursday. SPY has had a mild fade back to the March 1 highs and bounced in intraday trading to close down 0.88%. SPDR's S&P 500 Trust Series ETF (SPY) daily ​​​​​​​ ​​​​​​​Higher volatility might be due to Q2 ending and a long holiday weekend (markets close early Monday and closed Tuesday for July 4th). Tomorrow (Friday) will be interesting. We will see if SPY 240 can hold. If not, we are surely going to 237. No big deal. Markets correct and r … [Read more...]

SPDR's S&P 500 Trust Series ETF (SPY) daily A quiet week last week in S&P Land. Continue to hold. PowerShares QQQ Trust Ser 1 ETF (QQQ) daily Price continues higher. Hold. SPDR's Select Sector Technology ETF (XLK) weekly Same story here. Continue to hold. iShares MSCI India Index ETF (INDA) weekly Price is up about 16% from our recommendation in January. If price breaks short term support I will recommend harvesting gains. If not, we will see if price can … [Read more...]