Stock Market Analysis: 06/02/09

 

Tesla (TSLA) – Tesla (TSLA) exploded 6% after China announced they only allow sales of electric cars in the future. Tesla will be producing 10,000 Model 3 cars per week by the end of 2018 so this tiny glitch has me yawning. Tesla (TSLA) – Tesla (TSLA) is trading in a narrow range ahead of the Semi Truck announcement later this month. Tesla (TSLA) – Tesla (TSLA) is now trading back in the $350-$360 range. Tesla (TSLA) – Tesla (TSLA) soared back to $354 resistance this week. Tesla (TSLA) – Tesla (TSLA) continues to trade in the $350’s after a large bounce last week. Tesla is working through a tiny setback with the Model 3 right now. The system uses your public vehicle record to match your car to the right tire. Tesla (TSLA) – Tesla (TSLA) is nearing another all-time high right now. Tesla (TSLA) – Tesla (TSLA) hit a record high last week and is now pulling back. Amazon (AMZN) – Shares of AMZN are pulling back after briefly climbing above $1,000 recently. Amazon (AMZN) – Shares of AMZN are pulling back after briefly climbing above $1,000 again last week.

 

Tesla (TSLA) – Tesla (TSLA) hit a record high recently and is now pulling back. Tesla (TSLA) – Tesla (TSLA) hit a record high on Monday and is now pulling back. Tesla has roughly 20% to 25% of the EV market, depending on how investors want to categorize hybrids, plug-in hybrids, and all- battery electric vehicles. Their eco-accommodating activities may incorporate running their neighborhood vehicles on biodiesel, contributing carbon impression balances, and offering you the utilization of reusable plastic tubs rather than boxes. I view shares as a strong buy down below $300 but I’d rather own TSLA. Chipotle (CMG) – Chipotle (CMG) is now trading back above $300. Chipotle (CMG) – Chipotle (CMG) is now trading back around $300. Chipotle (CMG) – Chipotle (CMG) is now trading below $300. Small Cap Bull 3x (TNA) – TNA is trading around $67 and is now up 110% since the election. Small Cap Bull 3x (TNA) – TNA continues to rally back above $50. Small Cap Bull 3x (TNA) – TNA is breaking out above $61.

 

Small Cap Bull 3x (TNA) – TNA is trading above $64 and has now doubled since the election. Small Cap Bull 3x (TNA) – TNA is trading above $65 and has now doubled since the election. Daily Finan. Bull 3X Shs(ETF)(FAS) – I am a huge fan of FAS below $70 for the long term. If FAS would break $74.14, I would jump into FAZ for a quick trade. Key boutiques Movers: Financial Bear 3x ( FAZ ) stock is up 7% to $60 per share as the financials are indicated weaker today. Political Concerns for the stock market This leads us to our final point. Still, investing in the cannabis market is currently not for the faint of heart. The employment data for December was out in pre market and showed the US losing 524,000 jobs with the unemployment rate spiking to 7.2%. The problem is we got another big downward revision for the November report.