$Tesla Motors(TSLA)$Elon is very smart he knows that once a stock rising too much eventually the hype will fade by doing this he ensures the hype continues
Next week Monday November 1 delivery numbers should be out at 3pm or 4pm September deliveries high monthly record of 10628 likely because the deliveries of August was quite low at 5880This month of October I think likely to be below 10k vehicles $NIO Inc.(NIO)$
S&P inched down 0.19% to close at 4391.35posting weekly gains of 0.79%Wall Street decided to push all 3 major indexes down in the last 1 hour of trading on Friday. Bond Markets closed on Monday for Columbus Day can give a breather to the 3 indexes before what is to come on Tuesday. S&P 500: Once again it failed to breakout of the trend line retreating immediately touching resistance at $4429. Now sitting below the 50 Ema the bears might try to push the price down to the next key level of support at $4369 next week. On the other hand bulls could try to consolidate above support of $4369 before making a strong breakout passing through the the trend line and resistance at $4429. However with rising 10 Y treasury this could foil the plans for the
On Friday, Nasdaq closed 0.51% down and once again got rejected by the trend line likely because of the 10 Y Treasury yield closing above 1.6% after almost 5 months closing at 1.613%. QQQ NASDAQ’s ETF is sitting right above support of 360Overall Performance for the week: Nasdaq up by 0.09% with 2 red days and 3 green daysPrediction for next week:If bears are able to to Nasdaq QQQ below 360 and close below it bears could be in control and push the price of QQQ to around support at $351/share. If bulls are able to maintain support at $360/share and possibly break out of the trend line, then we are likely to test $370/share and break new highs again in a few weeks timeRising 10 Y notes are definitely something towatch next week$NASDAQ(.IXIC)$
Update 4 Oct 2021 AAPL: Sheds 2.46% to close below $140 after more than 2 months at 139.14/share Facebook: Down 4.89% closing at the price of 326.32/share after the whistleblower’s blowers interview causing the interactive & media service sector to plunge over 2% Amazon: Down 2.85% to close at 3189.78/share and is once again down over 2% for the year$Apple(AAPL)$$Facebook(FB)$$Amazon.com(AMZN)$
Nasdaq,S&P 500 & Dow future took a beating extending Friday’s losses of up to 1%Market is in a turbulence trade with cautionhope to scoop amd at 95 tsm at 109 Apple at 136 but you never know this could just bea bear trap$AMD(AMD)$$NASDAQ(.IXIC)$$S&P 500(.SPX)$