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Misc Stock Market

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Seems gap edge at $385 is up tomorrow and then gap fill down to $373 next week or week after. $373 is when I might hop back in, until then I may just scalp a few here and there

Market very vulnerable with tax loss selling and most want the market to rollover hard now.

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Us treasury secretary yellen: this year, the fsoc is focusing on digital assets.

After the keystone pipeline is shut down, we will provide an emergency crude oil exchange of 2 million barrels to meet refinery needs - senior energy department official.

Fed's daly: we are still a long way from achieving the goal of price stability.
 
Can Any of you smart chart guys tell me when Tesla should get a dead cat bounce please . It's down 20 percent in 2 weeks . At some point it's gonna have a 3-4 Green Day . Any big levels of support under 150 ANd where is the next big overhead resistance?
 
Not sure we see more than 1 or 2 green days rest of year. Tax loss selling, money managers are down big and want the market to plummet.

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This is why I took a break until 2023. Very predatory…longs are trapped now from yesterday. Many thought we would get atleast a 2 day move.

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While I took no action, I definitely thought Tesla would see a multi-day bounce at $140 or $150.

So, I'm going to try to be on the record wrong here. Tesla sees the $90's before the close of this year, and likely heads to the $60's in January.
 
Tech looks very vulnerable heading into 2023. The monthly chart shows this $260-$265 area battleground going back to mid 2020. Going to be quite the battle at $260 and if we get a daily close below that this could really accelerate to the downside.

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Margin call Tuesday. Tesla down 45% for the month of December and it doesn't look close to a bottom.

I pulled all my money out of short term brokerage account to take the temptation away from trying to buy dips. I might not hop back in until Feb/March.

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Tesla trades like one of those weird crypto alt coins. Up 8% in about 10 mins and then fades...Tesla hit $104 in pre-market and buyers poured in but then sold off as open approached and then boom. I have zero fomo with Tesla but $104 is probably bottom for a while.

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