📈TESLA/NETFLIX EARNINGS MOVE MARKETS

Earnings season is upon us and it started last week with Financials but tech companies are taking center stage now. Netflix earnings report had the worst loss of subscribers in the companies history . It was not as bad as the 2 million subscribers predicted. The stock rebounded on the day and held its ground. This helped show that the consumer is not as in as bad of shape as first thought. The upside was the rally in XLY. Consumer Discretionary stocks are rallying for the first time in months. AMZN WMT to name a few are starting to see massive inflows as well have constructive chart development. Telsa’s earnings this evening beat by 10% to the upside but missed on the revenue side. Its possible that a strong dollar accounted for the revenue shortfall. It accounted for Netflix revenue decrease so its possible we see this issue in large global conglomerates. While deliveries and shipments were in line the important point is that they are increasing earnings. This was a concern as Elon stated Austin and Berlin are bleeding cash. Next week is a huge earnings week with META GOOGL AAPL all reporting next week. To add to the drama of the week the fed will meet and decide how much to hike interest rates. Most likely outcome is a 75 basis point hike. Technically this is the best shape the indexes have looked all year. All three major indexes are above the 50 day moving average with the 21 day SMA curling up. Bad news such as the high CPI of 9.1% is being shrugged off as the peak. When Bad news is discounted so severely that we stop selling down, its an indication that that sellers are tired and that provides opportunity. Its too early to a call a bottom but we can say for sure that this recent rally does have the possibility of more behind it. Watch the video below where I walk through the key levels on the indexes and what level to buy and sell TESLA as well as three other names. Let’s get to it!

Let’s look at our Indexes !

Let’s look at our Stocks!

Subscribe and turn on notifications. There is a new daily video after the market Monday through Thursday! It’s called the Top 5 in 5. It consists of the best five ideas for the next day and I condense it into 5 minutes. It’s loaded with actionable ideas. It’s worth your time. It is hyper specific and actionable. Tonight’s includes Longs and Shorts. When you subscribe turn on ALL notifications so you are notified of the daily Premarket live shows ,Top 10 Weekly Buy List and educational videos. Also, Once subscribed you will receive private content on YouTube. The video below is the Top 5 from tonight and focused on several technical levels. Pay close attention to what is said about how to trade TESLA and this current environment.

As always all investment decisions need to be made by the individual. We all have different risk profiles. No two people trade the same. Understand the buy points, stop losses, trims are suggestions. You need to develop your own process. I am willing to help. If you have questions email me Arete@Aretetrading.net. For example, to stop losses, I like to see them close. That does not mean that fits everyone’s risk profile.

Please make sure you Subscribe to Twitter! 👈and turn on notifications. There are times my updates are timely.

If you do not see a position and have questions please message me.

Thank you again for all the messages telling me how this Newsletter improved your performance and made you a better trader!

Now you can share the Newsletter!

👇👇👇

Subscribe below!

👇👇👇

Preview the AT Trading Community

👇👇👇

✓Trade To Win! 🔥