Tesla Didn't Make The Cut
Call it the “Elon Musk” effect. One month ago, the stock was worth more than Toyota. The stock is worth more than Ford, GM and Chrysler combined. Tesla’s valuation was the 10th largest US stock by market value. Elon Musk became the seventh-richest person in the world, surpassing Warren Buffett…at the time. However, the "Elon Musk" effect wasn't good enough to get the stock enlisted in the S&P 500. So who did make the cut, watch the video to find out???
https://leofinance.io/hive-167922/@rollandthomas/it-s-good-to-be-elon-musk
MY TRADING METHODOLOGY IN A NUTSHELL BELOW
I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.
I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:
Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.
▶️ 3Speak
growth stocks have been on fire for the past month. Last week initial drop is showing some cracks. Whether TSLA is really worth this much where it is at remains to be seen. I am in the bull camp due to the fact that many who are long term holders do not see TSLA as just a car company but a conglomerate. The company makes batteries and solar panels and even green energy manufacturing plants. If any government provides additional incentives for TSLA do accelerate their work it is clear that this company will become world wide house hold name in the future.
Something a lot of people have not thought through is that globalization has made stiffer competition among countries. Asian countries such as Japan and China literally have companies that are basically conglomerates worth in the billions. If US is to be able to competitive there will need to be massive evaluation companies to lead the way. Really wish I saw this through way back when TSLA was IPO but who would have known?
Posted Using LeoFinance
I think the key right now is to look to bonds for clue on where the stock market is headed next. Sept/Oct are the worst months for equities, so things could get uglier before they get better.
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