#TSLA bear

[digicloudm]

Why Tesla Stock Skidded to an 8% Loss on Wednesday

Has there been any high-profile stock more volatile than Tesla (NASDAQ: TSLA) lately? Following a burst of investor optimism on the back of the company’s latest delivery figures, the bears took over on Wednesday. A disquieting media report was responsible for the rapid mood change; this drove Tesla’s share price down by more than 8% across the Hump Day trading session. A major product…

[carhirenews]

‘Inverse Cramer’ Appears To No Longer Predict Tesla Stock Pirce – TSLA Down 25% Since CNBC Host Suggested “2024 Will be Awful For Tesla”

Join us…     Tesla stock has its share of Uber bulls and Perma bears. The stock is one of the most highly shorted stocks in the NASDAQ while at the same time being one of the best-performing high-cap stocks in the past five years. Regarding Tesla, it’s either exuberant optimism or complete cynicism without […] The post ‘Inverse Cramer’ Appears To No Longer Predict Tesla Stock Pirce – TSLA Down 25% Since CNBC Host Suggested “2024 Will be Awful For Tesla” appeared first on CAR RENTAL NEWS. https://car-rental.news-6.com/inverse-cramer-appears-to-no-longer-predict-tesla-stock-pirce-tsla-down-25-since-cnbc-host-suggested-2024-will-be-awful-for-tesla/

[nsebullcom]

These stocks can play catch-up with megacap tech, lifting the S&P 500: Stifel's Bannister

Cyclical value stocks, including shares of companies in the financials, industrials and basic materials sectors will play a catch-up to outperforming megacap technology shares heading into the third quarter of 2023, broadening the stock-market rally and lifting the benchmark S&P 500 index to 4,400, a closely followed Wall Street analyst forecast on Tuesday. “Most gains since October 2022 were cyclical growth, technology, for example, but now we see cyclical value such as basic materials, industrials, financials in a catch-up price-to-earnings ratio led rally to the third quarter of 2023, which broadens the market while limiting cap-weighted index upside,” said Barry Bannister, chief equity strategist at Stifel, in a Monday note. The cyclical growth category includes software (Microsoft Corp. MSFT, -0.75% -dominated), semiconductors (Nvidia Corp. NVDA, -1.43% -dominated), tech hardware (Apple Inc. AAPL, -0.29% -dominated), retailing (Amazon.com AMZN, +1.01% -dominated), media, autos (Tesla Inc. TSLA, +1.20% -dominated) and apparels, while the cyclical value category includes banks, materials, transportation, real estate, capital goods and insurance, according to Stifel. Most of the stock-market gains so far in 2023 have been powered by a handful of tech-focused names, whose weighting in the S&P 500 SPX, -0.01% is at a historically high level. They have helped lift the index higher by 11.3% this year and had it on the verge of exiting its longest bear-market run since 1948. However, a top-heavy concentration usually indicates limited participation and is not sustainable over the long term.  That’s why a “catch-up” rally in cyclical value stocks could help broaden out the stock-market advance, but it will restrict the future upside for the cap-weighted S&P 500 as companies in the cyclical value category only account for 24% of the index, while the cyclical growth represents a notable 44%, Bannister said. Among the 11 sectors of the S&P 500, the financials sector SP500.40, +1.10% has risen 2% over the past month, while the industrials sector SP500.20, +0.29% has advanced 0.8% and the materials sector has shed 1.5% over the same period. At the other end of the spectrum, the communication services SP500.50, +0.90% and information technology sectors SP500.45, -0.34% have jumped over 10%, thanks to robust gains in megacap growth and tech stocks, according to FactSet data.  Strategists at Stifel divide the 24 industries in the S&P 500 into four quadrants based on economic growth, which affects earnings-per-share, versus inflation, which has affected price-to-earnings ratio since 1990. The chart below shows the cyclical growth stocks have been overbought since the start of 2023 when strategists compared their shares with their 50- and 200-day moving averages. However, stocks in the cyclical value category have been oversold in the same period and are poised to rebound when “global GDP firms, U.S. dollar weakens, and the Federal Reserve officially reaches the end of its interest-rate hiking cycle,” the strategists said.

SOURCE: BLOOMBERG DATA, STIFEL ESTIMATES “Since Oct. 24, 2022, we’ve preferred the cyclical quadrants (at right), seeing no near-term recession and high but cooler inflation,” said Bannister.  However, Bannister is still cautious over the longer term as he sees reasons to watch out for a “textbook” recession in late 2023 and flattening earnings growth by year end. The 50-day moving average of the 3M-10Y Treasury yield curve shows recession risk in September 2023, with “no false signals the past 55 years in 8 recessions,” said Bannister (see chart below).

SOURCE: BLOOMBERG DATA, STIFEL ESTIMATES “We believe recessions and bear markets are surprises and not so widely anticipated, leaving consensus sentiment since Oct. 2022 off-sides, but risk may indeed rise in 4Q23 and beyond,” said Bannister. “As the 2023 slowdown proves mild the economy encounters resource constraints late-2023 or 1H24, and because there is no economic reset as sought by the Fed, then between 4Q23 and 2Q24 there may be policy or economic risk.”  U.S. stocks traded nearly flat on Tuesday afternoon as investors remained cautious and awaited the May CPI data and Fed’s interest-rate decision due next week. The S&P 500 was up 5 points, or 0.1%, to 4,278, while the Dow Jones Industrial Average DJIA, -0.25% lost 0.2% and the Nasdaq Composite COMP, +0.22% advanced 0.2%.  Source link Read the full article

[guesthypebusinessfinance]

U.S. shares moved decrease Wednesday on the open as buyers digested one other flurry of company earnings, together with Morgan Stanley (MS).The S&P 500 (^GSPC) slid by 0.47%, whereas the Dow Jones Industrial Common (^DJI) edged down by 0.31%. The technology-heavy Nasdaq Composite (^IXIC) slipped by 0.73%.Bonds yields have been greater after Britain’s inflation price slowed final month however remained above 10%. The yield on the 10-year be aware climbed to three.6%, whereas rate-sensitive 2-year be aware yields rose to 4.24% Wednesday morning.Shares had closed flat on Tuesday amid an earnings parade that included outcomes from Financial institution of America (BAC) and Goldman Sachs (GS).On Wednesday, Morgan Stanley got here within the combine, reporting that its first-quarter revenue fell amid continued stress on its funding banking unit. Shares have been down greater than 2% on the open.One of many sore losers after the closing bell on Tuesday was Netflix (NFLX). The inventory sank greater than 10% after the streaming big posted combined outcomes because it pulled again on its crackdown for password sharing. It pared losses, nonetheless, and was down 3% Wednesday morning.The story was completely different for Western Alliance (WAL). The regional lender stated that its deposits climbed by $2 billion on the finish of the primary quarter. The inventory rallied 19%.Extra earnings are on faucet this week. On Wednesday, Zions (ZION), Tesla (TSLA), and Worldwide Enterprise Machines Company (IBM) are due after the market closes.Morgan Stanley workplaces at Canary Wharf monetary district on seventh February 2023 in London, United Kingdom. Morgan Stanley is an American multinational funding administration and monetary providers firm. (picture by Mike Kemp/In Footage through Getty Photographs)In the meantime, US Bancorp (USB) posted greater income for the primary quarter on the again of rising rates of interest and its acquisition of MUFG Union Financial institution. The inventory edged up close to 1% following the outcomes.With earnings season heating up this week, “82% of corporations are beating and by a margin of seven.6%. The earnings recession wallop the bears expect has not materialized," the workforce at Fundstrat World advisors wrote in a be aware to purchasers. "1Q23 earnings season will finally allow the S&P 500 to push to new highs for the yr,"Story continuesIn the meantime, little volatility as of late has enabled a continued easing in monetary circumstances, which in flip has “helped cement buyers’ conviction that the Fed [is] set to ship one other hike in simply two weeks’ from now, which was supported by the newest spherical of FOMC audio system,” Jim Reid and colleagues at Deutsche Financial institution wrote in be aware to purchasers.St. Louis Fed President James Bullard stated on Tuesday in an interview that “Wall Avenue’s very engaged within the thought there’s going to be a recession in six months or one thing, however that isn’t actually the best way you'll learn an growth like this.” Bullard additionally didn’t rule out extra rate of interest hikes.Individually, Atlanta Fed President Raphael Bostic stated he favors one other price hike after which holding them above 5% for "fairly a while." Whereas officers provide extra alerts of one other price hike, the Fed might be releasing its Beige E-book, which can present detailed info from the 12 Fed districts about financial circumstances.Chicago Federal Reserve President Austan Goolsbee is anticipated to talk on Wednesday forward of Fed’s blackout interval, which begins on Saturday.Listed here are another trending tickers on Yahoo Finance:United Airways Holdings, Inc. (UAL): The airline big reported a loss within the first quarter regardless of journey rebounding. United anticipates earnings of $3.50 to $4 a share within the second quarter, executives stated on the earnings name.Intuitive Surgical, Inc. (ISRG): The corporate reported earnings on Tuesday that confirmed a large resurgence in robotic surgical procedure procedures throughout the March quarter.

Abbott Laboratories (ABT): Abbott posted a quarterly revenue above expectations regardless of a dramatic slowdown in gross sales of Covid exams.Elsewhere, Bitcoin (BTC) slid under $30,000 on Wednesday, which additionally led to a sell-off within the broader crypto market, with Ether (ETH) dipping under $2,000.—Dani Romero is a reporter for Yahoo Finance. Observe her on Twitter @daniromerotvClick on right here for the newest inventory market information and in-depth evaluation, together with occasions that transfer sharesLearn the newest monetary and business news from Yahoo FinanceObtain the Yahoo Finance app for Apple or AndroidObserve Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, Linkedin, and YouTube https://guesthype.co.uk/?p=3488&feed_id=6198&cld=643ffb6393e76

[fancyhints]

Tesla Stock Has Struggled but Nears Major Support Tesla stock has struggled over the past few months but is approaching a major support area on the chart. What a disaster it’s been with Tesla  (TSLA) - Get Free Report lately. The electric-vehicle leader's shares are currently down for five straight months and for eight of the past nine weeks. The stock made 52-week lows on Tuesday and did so again on Wednesday morning.  Shares of Tesla are now down 55% in 2022 and have fallen more than 61% from their all-time high in November 2021. The stock is now trading at its cheapest forward price-to-earnings multiple since the company went public, but that doesn’t seem to be providing meaningful support. Tesla stock at last check was off about 1%. A price-target cut from Goldman Sachs is not helping matters. The analysts reduced their target to $235 from $305 and assigned a bear-case price target of $135. Outside Goldman Sachs investors remain concerned about the company following https://fancyhints.com/tesla-stock-has-struggled-but-nears-major-support/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

[tradewithraj]

10 Investors Score $117 Billion On Tesla Stock's Double 'Bubble'

What's it like to make more than $110 billion in five weeks on just one S&P 500 stock? Ask the largest owners of Tesla (TSLA) stock.

The top 10 largest holders of Tesla stock, including top ETF and mutual fund providers like Vanguard and BlackRock (BLK) plus the Technoking Elon Musk himself, are collectively up $117 billion since the stock doubled from its 52-week (intraday) low on Jan. 6, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.

That means just 10 investors made more on one stock — Tesla — in roughly five weeks than all investors made on 496 individual S&P 500 stocks during the same time. That's crazy money.

The run on Tesla stock is prompting some to toss out the "bubble" word. "Tesla's recent price cuts are a display of pricing power, cost superiority and could increase demand — but it could also negatively impact Tesla's future profitability," said Oktay Kavrak, product strategist at Leverage Shares.

Tesla's Run-Up Is One For S&P 500 History Books

It's not often to see so much value get created by a single stock so fast. But that's the story of the S&P's bounce this year following last year's beatdown.

Shares of Tesla are up more than 105% from their 52-week intraday low on Jan. 6. And they're up more than 85% from their closing price that day. That means all Tesla investors are up $305 billion from that low day's closing price. That's more of a market value gain than all but two other individual stocks in the S&P 500.

Yes, Apple is up more than $361.9 billion since then. And Microsoft is too, up $348.8 billion. But on a percentage basis, they're only up 18% and 21% respectively, or nowhere near Tesla's percentage gain.

And that's why some bubble talk is starting to perk up (although shares are still 46% below their 52-week closing high). Tesla closed Tuesday at 209.25. At that price, Tesla stock is already nearly 9% past the 192.63 a share analysts think it should be worth in 12 months.

Big Wins On Tesla

No investors are making as much money in this year's Tesla rally as Musk himself. Musk still owns 13% of the electric-car maker, more than anyone else, a lucrative move in 2023.

Musk has gained $40.7 billion in paper wealth on just his stock this year alone. No one comes even close. But Vanguard, the top holder of two-thirds of S&P 500 stocks, is bringing its ETF and index mutual fund investors along for the ride, too. The fund company's 6.9% stake in Tesla has gained nearly $21 billion in wealth on its position.

And rounding out the top three winners in No. 3 spot is BlackRock. The fund company's 5.6% stake in Tesla added more than $17 billion in market value just this year.

But while bears think Tesla is running too far, too fast, some mega-bulls exist. The most optimistic forecast for where Tesla stock will be in 12 months is 320 a share. If that's right, Tesla still has more than 53% upside from Tuesday's close.

That's not as impressive as the stock's run in the past five weeks, but none of these top Tesla stock investors will likely complain.

Big Tesla Investors Make A Fortune This Year

Brainmass Finance Team 

[creatiview]

[ad_1] The stock market rally had another big week, with the Nasdaq running higher amid major news from the latest Fed outlook to the jobs report to massive earnings from Apple (AAPL), Meta Platforms (META) and more. Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. X Don't be surprised to see a market pullback after the big gains in recent weeks, with Tesla (TSLA) and Apple stock up strongly yet again. Friday may have been the start of a pullback, with Amazon.com (AMZN) plunging on its weak earnings and outlook. But with the uptrend showing more signs that it's more than a bear market rally, investors can continue to gradually add exposure over time. Dow Jones giant Microsoft (MSFT), lithium and fertilizer giant SQM (SQM), auto parts maker Autoliv (ALV), Pure Storage (PSTG) and Freeport-McMoRan (FCX) are stocks near buy points. Microsoft, Autoliv and FCX stock already have earnings out of the way, while SQM and PSTG stock aren't due for several weeks. MSFT stock is on IBD Long-Term Leaders. Onsemi (ON), formerly ON Semiconductor, reports early Monday. The EV-focused chipmaker surged 9.8% this past week, breaking out of a cup base to a new high. But ON stock is now extended. The video embedded in this article reviewed the strong market action and analyzed Regeneron Pharmaceuticals (REGN), Microsoft and ALV stock. Dow Jones Futures Today Dow Jones futures open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures. Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session. Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live Stock Market Rally The stock market rally shook off a weak Monday for a generally strong week. The Dow Jones Industrial Average dipped 0.2% in last week's stock market trading. The S&P 500 index rose 1.6%. The Nasdaq composite jumped 3.3%. The small-cap Russell 2000 sprinted 3.9% higher. Apple stock, a Dow Jones, S&P 500 and Nasdaq component, leapt 5.9% for the week, vaulting above its 200-day line. Shares reversed higher on Friday despite weak Apple earnings and revenue. AMZN stock plunged 8.4% on Friday, back below its 200-day moving average, though it did close up 1.1% for the week. Late Thursday, Amazon reported a 98% EPS decline for Q4. While revenue slightly beat, Amazon guided low on Q1 revenue, with the high-margin Amazon Web Services a key reason. The 10-year Treasury yield rose 1 basis point to 3.53% for the week, with the yield jumping 13 basis points Friday on the hot jobs report. Intraday Thursday, the yield fell to 3.33%, the lowest since Sept. 13. U.S. crude oil futures plunged 7.9% to $73.39 a barrel last week, with gasoline down 10.5% and natural gas off 12.9%. ETFs Among growth ETFs, the Innovator IBD 50 ETF (FFTY) rose 1.25% last week, while the Innovator IBD Breakout Opportunities ETF (BOUT) climbed 1.9%.  The iShares Expanded Tech-Software Sector ETF (IGV) popped 2.4%, with Microsoft stock a major holding. The VanEck Vectors Semiconductor ETF (SMH) jumped just over 4%, with ON stock a modest holding. SPDR S&P Metals & Mining ETF (XME) advanced 1.45% last week. The Global X U.S. Infrastructure Development ETF (PAVE) soared 4%, clearing a  13-month consolidation to hit a record high. U.S. Global Jets ETF (JETS) ascended 2.2%. SPDR S&P Homebuilders ETF (XHB) stepped up just over 6%. The Energy Select SPDR ETF (XLE) slumped 5.7%, wiping out several weeks of slim gains. The Financial Select SPDR ETF (XLF) climbed 1%. The Health Care Select Sector SPDR Fund (XLV) slipped 0.1%, its sixth straight modest weekly decline. Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) jumped 6.1% last week and ARK Genomics ETF (ARKG) popped 3.7%, continuing their strong performance to start 2023. Tesla stock is a major holding across Ark Invest's ETFs. Five Best Chinese Stocks To Watch Now

Stocks Near Buy Points Autoliv stock fell 2.7% this past week to 90.27, consolidating after gapping up 9% on Jan. 27 following strong earnings. ALV stock is in buy range from an 89.98 bottoming base. But investors could view the recent pause as a handle on a base going back to November 2021. The cup-with-handle buy point is 93.88. Many other auto parts stocks are showing strength in 2023. Pure Storage stock jumped 5.7% for the week to 29.91, decisively rising from key moving averages. PSTG stock has a 31.33 double-bottom buy point, but is already actionable from clearing a downward-sloping trendline in that base on Wednesday. Volume has been strong as Pure Storage has bounced back in the past two weeks. The relative strength line is lackluster at best, reflecting sideways action over the past year. But while PSTG stock hasn't rebounded as fast as some growth plays, it didn't plunge in 2022 either. SPECIAL REPORT: Best Online Brokers 2023 FCX stock fell 3.7% to 43.16 last week, closing just below the 21-day line as copper prices retreated. FCX stock has a three-weeks-tight pattern with a 46.83 buy point. Investors could also use that as a handle or alternate handle on a 10-month base. Microsoft stock jumped 4.1% to 258.35 last week, even with Friday's 2.4% pullback. Shares broke out of a bottoming base that formed below the 200-day line. But Thursday's breakout cleared the 200-day line and a yearlong trendline. Investors could treat the move as a place to enter MSFT stock as a Long-Term Leader. SQM stock has retaken key moving averages and is working on a double-bottom base with a 112.45 buy point, according to MarketSmith analysis. Shares rose 2.6% to 97.09 last week. It's possible that SQM stock could carve out a handle or some form of early entry. SQM stock likely won't report until March, but lithium peers Albemarle (ALB) and Livent (LTHM) release earnings in less than two weeks. Albemarle already reported strong preliminary Q4 results and gave a generally bullish outlook. SQM stock and Albemarle are notable holdings in the Global X Lithium & Battery Tech ETF (LIT). Tesla stock and China EV and battery giant BYD (BYDDF) also are significant holdings, along with China and other Asian battery makers. The LIT ETF is finding support at its 200-day line, just below a double-bottom base. Tesla Vs. BYD: EV Giants Vie For Crown, But Which Is The Better Buy? Market Rally Analysis The stock market rally had another impressive week. After skidding on Monday, the Nasdaq, S&P 500 and Russell 2000 had strong weekly gains, decisively above their 200-day lines and their late 2022 highs. The Dow Jones is lagging, but found support and isn't far from its recent highs. Some top sectors or groups faltered, but generally leading stocks broke out, flashed buy signals, set up or simply extended big recent gains. All of this is happening amid economic data and earnings reports that are often mixed at best. The late August highs are the next test for the market rally, with the Russell 2000 almost there and the S&P 500 not far away. Still, evidence is growing that the market uptrend has real legs, and is not just another bear market rally. Perhaps the biggest complaint about the current market rally is that it's too strong. The Nasdaq has run up for five straight weeks. Perhaps Friday's retreat was the start of a much-needed pause or pullback for the major indexes. That would let stocks forge handles or pull back to key support levels. A lot of interesting stocks are looking significantly extended. One question is whether Tesla, Roku (ROKU) and other ARK-type speculative growth names continue to surge or settle down. The U.S. dollar hit its lowest levels in several months on Wednesday following the Fed meeting, but then roared back on Thursday-Friday for a solid weekly gain. The dollar's sharp downtrend in recent months has been a major factor in the stock market's reviving fortunes. After Friday's jobs report, markets are now leaning toward two more quarter-point Fed rate hikes.

Time The Market With IBD's ETF Market Strategy What To Do Now With the market rally running up for several weeks, most breakouts and buying opportunities have been working. So investors should have been taking advantage. But do so prudently. Add exposure gradually, so you're not caught out in a pullback. It's possible that new buys will briefly dry up if the market pauses, but that could pave the way for a lot more entries. Don't get too concentrated in a particular stock or sector. Cut losses short. Spend time working on watchlists this weekend, making sure you're looking at quality stocks from a variety of sectors. Identify your prime targets, and do some more analysis on these potential buys. After a brutal 2022, the new year is off to a great start. So stay engaged and ready to act. Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors. Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more. YOU MIGHT ALSO LIKE: Want To Get Quick Profits And Avoid Big Losses? Try SwingTrader Best Growth Stocks To Buy And Watch IBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today 4 Red-Hot Semiconductor Stocks Highlight Earnings Calendar [ad_2] Source link

[virtualcurrencyspace]

Tesla Is Holding Onto Bitcoin

Tesla continued to hold onto its digital assets through the depths of a brutal bear market, with the electric-vehicle maker recording a write-down on its Bitcoin holdings after a turbulent fourth quarter. Elon Musk’s company shows no signs of selling.

Tesla (ticker: TSLA) wrote down the value of its digital assets to $184 million in the fourth quarter, a decline from $218 million in the third quarter. The price of Bitcoin fell to $16,500 by the end of December from around $19,500 at the close of September.

[businessnewss]

Tesla Stock Surges 43% From January Low; EV Giant Misses On Revenue

Tesla (TSLA) reported mixed fourth-quarter results Wednesday, topping earnings estimates while missing on revenue views. Tesla stock rose Wednesday, extending a powerful rebound of more than 40% from the bear market low. X After a terrible 2022, during which Tesla stock plunged sharply in December, shares tumbled again to start 2023. However, Tesla has bounced since its big price cuts announced…

[eagleargent]

20230116 - notes on various markets

Crude oil: 

today’s low-volume session created a dark cloud cover right at the bottom of the Ichimoku cloud

cloud is solidly bearish but the price has crossed back and forth over the base/conversion lines thrice in the past month

triangle forming since beginning of December?

reasonable downside target is 73.50, which is over 3:1 if stop at 80.25 above the dark cloud cover

problem is that /CLG23 is going to roll over soon, so we should be following /CLH23 instead, so move the target to ~74 and the stop to ~81, which does not quite give us 3:1 anymore

Corn:

rocketed to the top of its Ichimoku cloud on Jan 12 on the heaviest volume in 3 months, then cleared the (flat) cloud top on Jan 13

conversion line is above base line, and price above both (and the cloud), but cloud is still bearish (albeit barely)

lagging span is in the middle but is not too far from breaking out to the top

last swing high was 685, not at all far from current 675.75 -- triangle forming?

no clear trade setup ATM; maybe if it breaks out the lagging span and then retreats to the cloud top at 671?

Soybeans:

All Ichimoku signs are still bullish, but I just got done taking the easy money on this one, and it’s in a possible resistance zone; no clear trade setup

Wheat:

clear support zone at 720-725 stretching back to August; fairly obvious descending triangle; if support breaks, traditional target would be 500 (oof!)

fairly decent volume coming in at the most recent bottom, but is it accumulation or just absorbing demand from before?

all Ichimoku signs are bearish (lagging span is not quite at the bottom but still very close)

might be a shorting candidate if it rallies a bit more on weak volume (or if it just breaks down through support)

Silver:

has been chopping sideways in no-man’s-land for the past month despite all Ichimoku signs being bullish that whole time; certainly looks like five complete waves up from October, but I see no signs of any sustained downward correction

Bitcoin:

on Jan 12 I noted on my chart that the 1-box point-and-figure chart was giving a target of 21,000; that target was promptly hit in today’s low-volume session, which was a huge gap up that turned all Ichimoku signs bullish

Ichimoku cloud support is all the way down at 18,163, which is a bit far to be useful

but look out for a possible gap fill buy signal

S&P500: has just about gotten all the way back to the top of the downtrend channel that started with the all-time high a year ago; only a sustained breakout past that channel would have me thinking of anything bullish right now (admittedly, getting back to it after not even having dropped to the halfway point from the last channel tag in December is a promising first step for bulls, but it’s not enough just yet)

TSLA: continues its month-long run of high volume, but is there enough of a basis for a sustained rally yet?  The 3-box P&F chart says bullish target of 162, which is just above the tops of Dec 14/15/16 and underneath the support of Nov 22; a tight stop under the recent lows at 112 (since bears haven’t been able to fill the Jan. 6-9 gap) would give a 4:1 ratio at current price

AMZN: 

has had two gaps up in the past week, with very little retracement -- if there’s a third, especially if it doesn’t break past resistance at 105, then that could be a selling opportunity

last session was the fourth tag of the downtrend line that dates from last August, and the rally so far hasn’t come close to enlisting the kind of volume that was seen in the Oct-Nov meltdown, so even a bearish reversal directly here would not be too surprising

[rnewspost]

Morgan Stanley cuts Tesla target after stock fell 30% below its bear case By Investing.com

Morgan Stanley cuts Tesla target after stock fell 30% below its bear case By Investing.com

© Reuters. Morgan Stanley cuts Tesla (TSLA) target after stock fell 30% below its bear case By Senad Karaahmetovic Shares of Tesla (NASDAQ:) staged a minor bounce yesterday after several days of intense selling pressure. Tesla stock is further up about 3.5% in pre-market Thursday as sell-side analysts continue to urge their clients to buy shares amid a significant pullback. Morgan Stanley…

[nsebullcom]

These stocks can play catch-up with megacap tech, lifting the S&P 500: Stifel's Bannister

Cyclical value stocks, including shares of companies in the financials, industrials and basic materials sectors will play a catch-up to outperforming megacap technology shares heading into the third quarter of 2023, broadening the stock-market rally and lifting the benchmark S&P 500 index to 4,400, a closely followed Wall Street analyst forecast on Tuesday. “Most gains since October 2022 were cyclical growth, technology, for example, but now we see cyclical value such as basic materials, industrials, financials in a catch-up price-to-earnings ratio led rally to the third quarter of 2023, which broadens the market while limiting cap-weighted index upside,” said Barry Bannister, chief equity strategist at Stifel, in a Monday note. The cyclical growth category includes software (Microsoft Corp. MSFT, -0.75% -dominated), semiconductors (Nvidia Corp. NVDA, -1.43% -dominated), tech hardware (Apple Inc. AAPL, -0.29% -dominated), retailing (Amazon.com AMZN, +1.01% -dominated), media, autos (Tesla Inc. TSLA, +1.20% -dominated) and apparels, while the cyclical value category includes banks, materials, transportation, real estate, capital goods and insurance, according to Stifel. Most of the stock-market gains so far in 2023 have been powered by a handful of tech-focused names, whose weighting in the S&P 500 SPX, -0.01% is at a historically high level. They have helped lift the index higher by 11.3% this year and had it on the verge of exiting its longest bear-market run since 1948. However, a top-heavy concentration usually indicates limited participation and is not sustainable over the long term.  That’s why a “catch-up” rally in cyclical value stocks could help broaden out the stock-market advance, but it will restrict the future upside for the cap-weighted S&P 500 as companies in the cyclical value category only account for 24% of the index, while the cyclical growth represents a notable 44%, Bannister said. Among the 11 sectors of the S&P 500, the financials sector SP500.40, +1.10% has risen 2% over the past month, while the industrials sector SP500.20, +0.29% has advanced 0.8% and the materials sector has shed 1.5% over the same period. At the other end of the spectrum, the communication services SP500.50, +0.90% and information technology sectors SP500.45, -0.34% have jumped over 10%, thanks to robust gains in megacap growth and tech stocks, according to FactSet data.  Strategists at Stifel divide the 24 industries in the S&P 500 into four quadrants based on economic growth, which affects earnings-per-share, versus inflation, which has affected price-to-earnings ratio since 1990. The chart below shows the cyclical growth stocks have been overbought since the start of 2023 when strategists compared their shares with their 50- and 200-day moving averages. However, stocks in the cyclical value category have been oversold in the same period and are poised to rebound when “global GDP firms, U.S. dollar weakens, and the Federal Reserve officially reaches the end of its interest-rate hiking cycle,” the strategists said.

SOURCE: BLOOMBERG DATA, STIFEL ESTIMATES “Since Oct. 24, 2022, we’ve preferred the cyclical quadrants (at right), seeing no near-term recession and high but cooler inflation,” said Bannister.  However, Bannister is still cautious over the longer term as he sees reasons to watch out for a “textbook” recession in late 2023 and flattening earnings growth by year end. The 50-day moving average of the 3M-10Y Treasury yield curve shows recession risk in September 2023, with “no false signals the past 55 years in 8 recessions,” said Bannister (see chart below).

SOURCE: BLOOMBERG DATA, STIFEL ESTIMATES “We believe recessions and bear markets are surprises and not so widely anticipated, leaving consensus sentiment since Oct. 2022 off-sides, but risk may indeed rise in 4Q23 and beyond,” said Bannister. “As the 2023 slowdown proves mild the economy encounters resource constraints late-2023 or 1H24, and because there is no economic reset as sought by the Fed, then between 4Q23 and 2Q24 there may be policy or economic risk.”  U.S. stocks traded nearly flat on Tuesday afternoon as investors remained cautious and awaited the May CPI data and Fed’s interest-rate decision due next week. The S&P 500 was up 5 points, or 0.1%, to 4,278, while the Dow Jones Industrial Average DJIA, -0.25% lost 0.2% and the Nasdaq Composite COMP, +0.22% advanced 0.2%.  Source link Read the full article

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After decrease with 18% in the last week. Is Tesla (TSLA) a Good Buy Right Now? | by Vremaroiu Alin | Coinmonks | Dec, 2022

After decrease with 18% in the last week. Is Tesla (TSLA) a Good Buy Right Now? | by Vremaroiu Alin | Coinmonks | Dec, 2022

Source photo Sigla Tesla Pictogramă — Imagine gratuită pe Pixabay Right now, Tesla appears in nearly every article regarding the stock market (NASDAQ:TSLA). Some have speculated that Tesla’s precipitous stock decline can be traced back to Elon Musk, the company’s CEO, taking over the company’s Twitter account and functioning as its acting CEO. The simple mechanics of a bear market, according to…

[tpn-cryptocurrency]

After decrease with 18% in the last week. Is Tesla (TSLA) a Good Buy Right Now? | by Vremaroiu Alin | Coinmonks | Dec, 2022

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Source photo Sigla Tesla Pictogramă — Imagine gratuită pe Pixabay Right now, Tesla appears in nearly every article regarding the stock market (NASDAQ:TSLA). Some have speculated that Tesla’s precipitous stock decline can be traced back to Elon Musk, the company’s CEO, taking over the company’s Twitter account and functioning as its acting CEO. The simple mechanics of a bear market, according to…

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Dow Jones Futures Rise On Nike As Market Rally Snaps Losing Streak; Tesla Meltdown Continues

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Dow Jones futures rose modestly after hours, along with S&P 500 futures and Nasdaq futures, with FedEx (FDX)  and Nike (NKE) earnings leading the charge. X The stock market rally bounced modestly Tuesday, snapping a four-day losing streak. Meanwhile, Apple (AAPL) flirted with undercutting its bear market low, a day after Amazon.com (AMZN) did. Tesla (TSLA) continued to plunge. TSLA stock has…

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Dow Jones Futures Rise On Nike As Market Rally Snaps Losing Streak; Tesla Meltdown Continues

Dow Jones Futures Rise On Nike As Market Rally Snaps Losing Streak; Tesla Meltdown Continues

Dow Jones futures rose modestly after hours, along with S&P 500 futures and Nasdaq futures, with FedEx (FDX)  and Nike (NKE) earnings leading the charge. X The stock market rally bounced modestly Tuesday, snapping a four-day losing streak. Meanwhile, Apple (AAPL) flirted with undercutting its bear market low, a day after Amazon.com (AMZN) did. Tesla (TSLA) continued to plunge. TSLA stock has…