TSLA

US equities went from gains to losses, yet again, as the Ukrainian tensions, which support the rally in energy prices, and by doing so further boosts the inflation expectations and the Fed hawks didn’t do good to the overall market mood. US dollar extended rally as the US yields continued pushing higher. The EURUSD slipped below the 1.12 mark. Although it has been a blood-red month for the US equities, the FTSE 100 managed to eke out 3% gains in January, as a sign that the British blue-chip index is in a good place to be the winner of the finally-happening reflation trade. In equity news, Tesla tanked more than 11% yesterday, as investors focused on the warnings that chip shortage could take a toll on performance this year, rather than the record-high profits (which were already factored in the stock price). Apple, on the other hand, gained 5% in the afterhours trading as the results showed that the sales soared despite the chip shortage worries, helping Apple announce a better-than-expected revenue in the most important holiday quarter! Watch the full episode to find out more! 0:00 Intro 0:26 Market update 1:08 Russia-Ukraine tensions boost energy prices, boost inflation fears 2:13 More market update 4:25 FTSE gains 3% in Jan despite heavy losses in US indices 5:47 USD extends rally, EURUSD slips below 1.12 7:20 Tesla down more than 11% despite record profits 9:00 Apple up 5% in afterhours trading on strong Q4 results Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

Tesla stock swung around violently post the earnings release. TSLA shares quickly dropped 6% despite beating earnings estimates. Tesla then recovered to trade down 2% as buyers stepped in. Tesla (TSLA) swung around pretty wildly in the after-hours market on Wednesday following its earnings release. The stock dropped 6% fairly rapidly despite beating on the top and bottom lines. Buyers then went bargain hunting as the market struggled to grasp what metric to focus on. By the time things settled down, we were nearly back to where things started. At the time of writing, Tesla is back to $930 in the premarket on Thursday, so only $7 or less than 1% lower from where Tesla stock was trading at the close of the regular session and before the earnings drop. Tesla Stock News Tesla beat on earnings per share (EPS), coming in at $2.54 versus the $2.26 average estimate. Revenue also beat forecasts, coming in at $17.72 billion versus the $16.35 billion estimate. This was a pretty strong performance beat on both top and bottom lines. Margins also held up well, coming in at 30.8% versus estimates for 30%. So far so good. However, Tesla then mentioned that its factories were not at full capacity and it saw this continuing into 2022. Supply chain issues were to blame, and investors took a dim view of this and sold the stock sharply lower. However, buyers then stepped in as arguments over demand versus supply issues surfaced. The demand profile remains strong and Tesla stuck to its strong outlook for demand going forward. If it can address supply issues and with new factories in Texas and Berlin coming on line, it may be in a position to drive more supply to meet demand. It is certainly better to have a problem meeting demand than it is to have a lack of demand. This is a case of "if you build it, they will come" for Tesla going forward. Tesla Stock Forecast TSLA bottomed out at $879 after the release, but in reality it spent very little time down there. This is interesting to us on a technical view as it prints a higher low than Monday's sell-off and puts in place the potential for a bottoming formation. From the 4-hour chart below we can see this price action in play. The lows from Monday at $855 are our short-term pivot. Above there things have a chance to turn bullish in a more medium-term view. Below and it is on to $813 to test the 200-day moving average. Tesla chart, 4 hourly

US stocks recorded a last-minute rally on Friday, but gains remain on jeopardy as the hawkish Fed expectations and the Russia-Ukraine tensions are weighing on the risk appetite. The geopolitical tensions, in fact, push energy prices higher, further boosting the inflation fears and the Fed hawks. The consensus now is that the Fed would raise the interest rates five times this year. In this environment, US dollar is certainly a good place to park, while gold is doing surprisingly poorly despite having most factors that would normally support a better pricing on its side. In the stock markets, value stock investors are finally being praised for their patience. At today’s episode, I have an interesting comparison of Warren Buffet and Cathi Wood’s performances over the past two years! Watch the full episode to find out more! 0:00 Intro 0:24 Market update 1:34 Energy prices jump on Russia-Ukraine tensions 3:10 USD consolidates gains, XAU performs surprisingly bad 3:55 Warren Buffett vs Cathie Wood 5:43 Big Tech gains at jeopardy as Fed hawks gain field 8:45 This week's economic calendar: ECB, BoE, RBA & OPEC 9:25 This week's corporate calendar: Google, Facebook & Amazon Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

Tesla stock tumbles after beating earnings estimates TSLA shares hit by concerns over supply chain issues. Apple and big tech could turn the market next week. Tesla (TSLA) staged a modest recovery on Friday, but the real damage was done on Thursday when the stock shed nearly 12%. Friday's move was not even that impressive given Tesla's high beta, a fact that would usually see it bounce significantly more than the major indices. As we know well by now high, growth is not the sector of choice this year, and Tesla does straddle this space. Investors are moving back to more traditional sectors and metrics for their portfolios, and the era of high flying growth is coming to an end, for now at least. We view this as a positive event, stretching too far would have resulted in an ugly snapback or bubble popping most likely. This stabilisation should continue for the year with one or two speculative dead cat bounces along the way. We may just get one of those next week as the remainder of big tech gets a chance to continue on from where Apple led. Amazon (AMZN), Google (GOOGL) and Facebook (FB) are all reporting earnings this week. Positive earnings should steady sentiment, and this would then also likely spread to some high growth names. However, in the longer term, we expect balance sheets rather than growth to outperform this year. Tesla Stock News Tesla is not just pure growth, although it is managing to do that rather impressively if the latest results are anything to go by. It will stay with the pace, while other start-up EV manufacturers are more likely to fade away. Tesla created the EV space and remains the brand leader. This will likely not change since it has positioned itself as a premium brand. It will likely face more competition, but we do not see it losing quite as much market share as that forecast by Bank of America. Forecasting a drop from 69% to 19% market share in the space of two years does seem a bit headline-grabbing. The problem for Tesla is its valuation got too ahead of itself, so it is likely to underperform in this new environment despite continued strong earnings and revenue growth. Tesla Stock Forecast The bearish trend is now well-established. Thursday's losses only followed on from what we identified back in early January. The spike higher failed, and then it created a lower low, which confirmed the mid-December low. Even Friday's price action set a lower low than Thursday before the bounce set in. Resistance at $987 is last week's high and is first up. A close above that is significant and a new bar above that will signify a small short-term uptrend. Otherwise, the medium-term downtrend remains in control with support at the 200-day moving average, which sits at $814 currently. Tesla (TSLA) chart, daily

Recently, Google (GOOGL) announced that it would conduct a stock split. Inspired by an excellent 4th quarter earnings report and a high share price, Google has decided to split the stock to help more new investors acquire shares. The split would be a 20-for-1 stock split. How Has Google Grown Over the Years? In 2015, Google rebranded itself into the Tech giant Alphabet. Larry Page sought to make Google something more than a search engine. The company had ambitions of working on healthcare, hardware, and drones, which was a bit different from having a search engine-focused business. It would help create something more than the internet. So, Google changed its name and vision to the holding company Alphabet, allowing them to create, experiment, and invest in new opportunities. People continue to see the growth in a stock like Alphabet. After the 4th quarter, Alphabet announced their earnings, which grew over 32%. This revenue growth sent the stock soaring another 7.5% in after-hours trading. Due to the continued growth of Alphabet, their stock has become too pricey for everyday retail investors. A split can solve the problem. For instance, both Apple (AAPL) and Telsa (TSLA) split their stock allowing more investors to buy at lower prices. In addition, splitting their stock to lower the cost enables new investors to jump on board and become owners of the company. Alphabet has three classes of stock, class A, B, and C. Class A gives each shareholder one vote. Class B is for some of the founders and early investors into the company, and they have ten votes per share. Lastly, Class C has no votes. Each of these classes will conduct a stock split. One of the great things about Alphabet is that it continues to grow. Since May of 2020, Alphabet's value has doubled. Earlier this year, Alphabet posted a 62% revenue growth for the 2nd quarter. Right now, the company is worth just shy of $2 trillion, making it one of the world's largest companies by market cap. So naturally, investors want to be a part of a growing company. A stock split allows more people to be invested for the long term with Alphabet. What Exactly is a Stock Split? A stock split is when a company splits a stock dividing it up and giving the shareholder additional shares. For instance, if a share of stock was worth $1,000, a company could do a 10-for-1 split. This split would give each shareholder ten shares for every share they currently own. Each share would now be worth $100 apiece. However, the total market capitalization does not change before or after the split. Companies may split the stock when the share price rises too quickly, making it unattainable for new customers to hold that share. The price gets too high. Why is Alphabet Splitting Its Stock? Alphabet is the most expensive stock on a per share basis in Silicon Valley, and there are other opportunities to explore as an investor. Alphabet's stock is nearly $3,000 per share. At this stock price, many new investors cannot own a part of Alphabet unless they go the route of fractional shares or do index investing. Other authors have speculated that Alphabet is seeking to join the Dow Jones Industrial Average. The Dow Jones is a price-weighted index, and with the high price of Alphabet stock, the Index would not want to bring them on board. In August of 2020, Apple did a 4-for-1 split of their stock, and it lowered their weight by about 3% in the Dow 30. Companies like Alphabet and Amazon are too large to be added into the Dow. Their stock prices would have an uneven weight due to the high cost. If those companies split their stock to lower prices, it gives them more advantages, and they can join the Dow 30. As Alphabet wants to continue to grow, it will want to add new investors and reach broader audiences. By potentially joining the Dow 30, Alphabet can make this happen by going through the various index funds and mutual funds that track the Dow Jones. Will the Split Affect the Value of the Stock? What happens when a split is announced? The total value of the shares will not drop. Instead, the new stock price will fall by 1/20th of the old stock price. Typically, shares increase in aftermarket trading like we saw the day after Alphabet announced the split. The total value will not be reduced in any way after the stock split. Each Class A and Class B shareholder will now have more votes but in the same proportion as before the split, and the Class C shares will continue to be the cheapest avenue to owning a piece of Google. When Will This Stock Split Take Place? Alphabet has announced that everyone that owns sarees on July 1st will receive their new shares on Friday, July 15th. That price should be around $150 per share, which is 1/20th of the cost of $3,000. The trading at the new stock price will take place on July 18th. What Does This Mean for the Regular Investor? Typically, a stock split is neither good nor bad. The stock will usually rise with the new interest from investors, and eventually, the buzz will fade away. However, if this is a worry for you as an individual shareowner, then maybe owning an index fund or ETF is the way to go for you to improve diversification. As Alphabet grows, it will continue to grow its revenue streams and bring more value to the shareholder. Growth is an excellent thing for an investor. We see many companies declining, like GE (GE) or even AT&T (T). For instance, AT&T (T) cut its dividend due to continued weakness and a change in strategy. As companies like Apple, Microsoft, and Alphabet continue to innovate and create, investors will want to be a part of the journey as shareholders. Should you worry about Google's stock split? Again, there is nothing to worry about; just keep to your investing strategy and keep investing. Author Bio: Dividend Power is a self-taught investor and blogger on dividend growth stocks and financial independence. Some of his writings can be found on Seeking Alpha, TalkMarkets, ValueWalk, The Money Show, Forbes, Yahoo Finance, Entrepreneur, FXMag, and leading financial blogs. He also works as a part-time freelance equity analyst with a leading newsletter on dividend stocks. He was recently in the top 1.5% (126 out of over 8,212) of financial bloggers as tracked by TipRanks (an independent analyst tracking site) for his articles on Seeking Alpha. Disclaimer: Dividend Power is not a licensed or registered investment adviser or broker/dealer. He is not providing you with individual investment advice. Please consult with a licensed investment professional before you invest your money. 

TSLA drops nearly 5% on Friday as macro factors in charge. All EV stocks LCID, Chinese names suffer the same fate. Tesla once again is targetting its 200-day moving average. Tesla (TSLA) followed many EV names (all, if we are correct) lower on Friday as macro factors took charge over equity markets. The dominant theme so far in 2022 has been one of rising rates and inflationary pressures. This has led to high growth and tech names underperforming, while energy and financial stocks have been the place to be. That is likely to remain the theme for at least the next quarter if not also Q2. Russia and Ukraine tensions have pushed the oil price above $90, and financial stocks benefit from higher interest rates. Growth stocks, however, do not benefit from higher interest rates as investors look for businesses with cash. With higher interest rates, future cash flows become less valuable. So of the three names mentioned, Tesla, Rivian (RIVN) or Lucid (LCID), we would not want to currently be long any of them. We expect TSLA to perform best of the three due to its market-leading position and revenue, but this sector is out of favour and likely to remain so. Tesla Stock News The latest data from the China Passenger Car Association (CPCA) confirms what we saw from Chinese EV companies earlier. Deliveries for January were down versus December. This is due to the lunar new year in China. Tesla sold 59,845 vehicles in January, down from 70,847 China-made vehicles in December. The Chinese electric vehicle market remains the largest EV market in the world, helped by government incentives and population demand. Tesla Stock Forecast Tesla remains in the strong downtrend identified earlier this year. $945 was tested multiple times as resistance and failed. This has resulted in the recent pullback. Now $824 remains as the 200-day moving average. Below we have trendline support at $752. The 200-day is the key level. Tesla has not closed below its 200-day moving average since June 2021. It has broken the 200-day on an intraday basis several times since but always failed to close below. Notice how volume has steadily been declining in Tesla this month, despite some hugely volatile days. This is indicative of a lack of conviction in the stock. Tesla (TSLA) chart, daily

Tesla bounces strongly on Tuesday as risk assets surge. TSLA stock gains just over 5% on Tuesday. Geopolitical tensions falling help risk appetites return. Tesla (TSLA) shares bounced strongly on Tuesday, eventually closing up over 5% in a strong day for equities. The stock market was buoyed by news of some Russian deployments returning to their bases. Russia then appeared to confirm this as hopes grew for a diplomatic solution. This saw an obvious bounce in equities (https://www.fxstreet.com/markets/equities) with the strongest names being those that were previously the weakest. Understandable, but is this gain sustainable? NATO this morning has said it sees no sign of Russian troops pulling back from the Ukraine border. NATO has said it sees Russian troop numbers still growing along the Russian-Ukraine border. This news (https://www.fxstreet.com/news) still has legs. Volatility has been high as a result and will likely continue that way. Tesla Stock News The latest quarterly SEC filings have provided much information to pore over. In particular, Tesla, they do note some hedge fund selling. This is not too surprising given the record highs TSLA stock pushed on to before Elon Musk sold a stake. Benzinga reports that the latest filing shows Ray D'Alio's Bridgewater cutting its stake in Tesla. Cathie Wood of ARK Invest was regularly top-slicing her firm's stake in Tesla recently. CNBC also reported yesterday that hedge fund Greenlight Capital had made a bearish bet on Tesla shares. Greenlight, according to the report, has been a long time Tesla bear. Apart from those snippets though, macroeconomic factors are the main driver of the Tesla stock price currently. Electric vehicle stocks have not been a strong sector so far in 2022 as growth, in general, is out of favor with investors. This has led to steep falls in other names such as Rivian (RIVN) and Lucid (LCID). Both are at a much earlier stage of development than Tesla (TSLA) and on that basis, we would favor Tesla (TSLA) over them. But we must stress we would ideally avoid the sector entirely until perhaps the second quarter. Once markets have adjusted to the prospect of higher rates, some high-growth stocks may benefit. historical in a Fed (https://www.fxstreet.com/macroeconomics/central-banks/fed) hiking cycle the main indices do advance but growth sectors struggle. Rivian so far is down 36% year to date, Lucid is down 24% while Tesla is the outperformer, down 12% for 2022. Tesla Stock Forecast We remain in the chop zone between the two key levels of $945 and $886. Breaking $945 should lead to a move toward $1,063. That would still be consistent with the longer-term bearish trend. Nothing goes down or up in a straight line. TSLA is unlikely to be able to fight the current overpowering macroeconomic backdrop of rising rates (https://www.fxstreet.com/rates-charts/rates) hitting high growth stocks. But breaking $945 is still significant in the short term and should see some fresh momentum. While $886 is significant, the 200-day moving average at $826 should have our real attention on the downside. Tesla has not closed below this level in over 6 months, so that would be significant and again lead to a fresh influx of momentum. Just this time though, it would be selling momentum. Tesla (TSLA) chart, daily Short-term swing traders should note the volume momentum behind moves. Once volume dries up, Tesla tends to fall off intraday. From the 15-minute chart below, we have an opening gap from Tuesday down to $880. This is short-term support, but a break will see the bottom of Monday's range at $840 tested. Tesla (TSLA) 15-minute chart

Tensions between Ukraine and Russia escalated yesterday, sending gold to $1900 per ounce, but investors are calmer this morning, as planned talks between the US and Russia gives a certain relief before the weekly closing bell. But the risk taking will likely remain limited, offering a limited recovery potential to equities & cryptocurrencies. Oil on the other hand tanked despite the rising Ukraine tensions, rupturing a well-justified positive trend between geopolitical risks and energy prices. In the FX, the safe haven yen gained, the EURUSD remained steady as the macro pricing was put on hold. In individual stocks, Tesla tanked 5% after it sank to the bottom of the latest Consumer Report’s ranking. Ouch. Watch the full episode to find out more! 0:00 Intro 0:31 Ukraine update 2:02 Gold up 2:48 Why is oil down?! 4:57 Market update 6:08 FX update 7:15 Bitcoin tests $40K support 7:41 US yields down 8:20 Tesla tanks on big ranking drop on latest Consumer Report Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

While the reality is hopefully not quite that bad, as Traders and Investors, we need to consider our silent partner, the "Taxman," and how to minimize his cut of our profits. Having a "tax problem" can be a good "problem" to have. But we're not obligated to pay any more in taxes than tax laws and regulations in our jurisdiction require. As George Harrison of the Beatles famously penned… “Let me tell you how it will beThere's one for you, nineteen for me'Cause I'm the taxmanYeah, I'm the taxman” Are there strategies we can use to significantly reduce our tax bill, even to as low as $0? You bet! Before we dive in, here are a few caveats… We're not tax advisors. You absolutely should review any taxation questions, strategies, or issues with a tax professional that is well-versed in your tax jurisdiction and familiar with your circumstances. Much of the following pertains to those in the USA. But there's some information here that may be useful to those outside the USA as well. Sign up for my free trading newsletter so you don’t miss the next opportunity! Tax strategies can range from simple to complex. Some have rock-solid legal standing, while some of the more aggressive strategies may invite unwelcome scrutiny from tax authorities. Personally, I prefer simple strategies that are easy to maintain and not subject to “debate” with the IRS. Lastly, laws and tax codes are subject to change. You need to continually educate yourself and have a good tax advisor to stay on top of any changes. Traders Tax-Free Accounts PayPal Founder Peter Thiel famously used the Roth IRA to turn a small investment in Founder’s shares into more than $5 billion tax-free. Google it. It’s a fantastic testimony to the power of the Roth IRA. Hands-down, the Roth IRA (first created in 1997) is a simple and powerful tool for legally avoiding taxes. Why? Because any gains in the account are not taxed. Not now, not ever! Reporting individual trades on your tax return in a Roth IRA is super simple. Why? Because none is required! Maintenance and reporting for a Roth IRA couldn’t be easier. The tradeoff is that - like a Regular IRA - you generally cannot withdraw funds tax-free until age 59 ½. (There are ways around that with a 72t Plan, for example.) And contributions to a Roth IRA are not tax-deductible like they are with a Regular IRA. If you have Earned Income in the United States, you should seriously consider maximizing contributions to a Roth IRA. Even if you currently don’t have Earned Income, but you have a regular IRA, there are ways to convert all or part of those funds into a Roth IRA should you choose to do so. Typically, you’d have to pay taxes on the converted funds. But once that’s done, the taxes are paid in full. This is commonly known as the “Backdoor Roth IRA,” which is also a way around the income-based annual contribution limits for a Roth. Tax-Deferred Accounts Second-best to the Roth IRA is a Regular IRA. Contributions are tax-deductible in the year made. Capital gains in the account are not taxed until funds are withdrawn. Distributions after age 59 ½ are taxed as regular income when they are made. It used to be that the investment vehicles and strategies that could be used in both Regular and Roth IRAs were somewhat limited. Now there is an extensive range of asset classes and strategies permitted. For example, as an options trader, almost any defined risk strategy is permissible in either a Regular or Roth IRA at most options brokers. Special Tax Treatment Section 1256 contracts were created to eliminate a tax avoidance where contracts were sold near year-end to show a loss, and like-kind were repurchased in the following tax year. Section 1256 contract rules were created to require “marked-to-market” at year-end whether the contracts are sold or not. The big side benefit of Section 1256 contracts is the 60/40 tax treatment, where 60% of gains are treated as long-term capital gains and taxed at a lower rate. The other 40% are treated as short-term capital gains and taxed as ordinary income. If you’re trading in a taxable account, it can be very beneficial to choose Section 1256 contracts where those happen to fit into your strategy. Section 1256 contracts include futures, options on futures, and certain indexes like SPX and VIX and options on those indexes. Be sure to verify Section 1256 treatment and report with your broker and tax advisor. State Taxes An additional layer of the tax burden is at the state level. One way to avoid that is to live in one of the states with no income tax for individuals. These are Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming. You generally must file a federal tax return in those states. Keep in mind that the “tax-free” states tend to have higher excise, sales, and property taxes. You should consider your overall tax burden and affordability ranking if you’re thinking about moving to one of those states. Some traders live in multiple states and claim their “residency” in a tax-free state. That can get a little tricky as rules and enforcement will vary. You’ll need to keep good records of your time spent in the tax-free state and be sure to comply with all regulations for both states. Tax Splitting Regardless of where you live, it can be possible, legal, and common to create a separate entity, such as a C Corporation, that is domiciled in a tax-free state such as Nevada. Instead of capital gains bumping you into a higher marginal tax bracket as an individual, you could “tax split” and have the entity pay taxes on its gains at a lower Federal level and with no state taxes due. Typically, there are tax implications in your home state if you take income out of the entity for your use as an individual. But be aware that you can create and control a separate entity from yourself that has its own P/L for taxation purposes and that can reduce the overall tax burden. Summary Roth IRA.  If it’s available to you, think about maximizing it.  Outside of that, consider tax-deferred accounts, Section 1256, income splitting, and tax-free residency strategies as may be advantageous to your situation. Now That You Know About Lessening Your Tax Burden, Read On To Learn More About Options Trading Every day on Options Trading Signals, we do defined risk trades that protect us from black swan events 24/7. Many may think that is what stop losses are for. Well, remember the markets are only open about 1/3 of the hours in a day. Therefore, a stop loss only protects you for 1/3 of each day. Stocks can gap up or down. With options, you are always protected because we do defined risk in a spread. We cover with multiple legs, which are always on once you own.    If you are new to trading or have been trading stock but are interested in options, you can find more information at The Technical Traders – Options Trading Signals Service. The head Options Trading Specialist Brian Benson, who has been trading options for almost 20 years, sends out real live trade alerts on actual trades, such as TSLA and NVDA, with real money. Ready to subscribe, click here:  TheTechnicalTraders.com. Enjoy your day!

The week starts with some comfort regarding the Ukrainian crisis on news that Biden and Putin agreed to meet. US futures are in the positive after having closed the week on a bearish tone. Gold traded a touch below the $1910 this morning but eased below the $1900 mark on encouraging Ukraine-Russai news. Oil slipped below the $90 per barrel on Friday and is now steady a touch above that level. In Switzerland, the sentiment is soft due to the Swiss Secrets that broke in over the weekend. The latest news will likely weigh on Credit Suisse and send a broader shockwave to the Swiss bank, but the medium-term implications for the other Swiss banks should remain limited. US indices closed last week on a negative note. The S&P500 slid 0.72% and Nasdaq lost 1.23%. Nasdaq is now walking with big steps toward a death cross formation on its daily chart, which could further increase the bearish pressure on the stock price. The macro environment isn’t necessarily supportive of the equity markets this year. The hawkish Fed expectations, an imminent rate hike, combined with the prospects of an early and maybe an aggressive shrinking of the Fed’s balance sheet are not appetizing for risk investors. Yet, we begin the week having mostly ruled out the possibility of seeing a 50bp hike in March meeting. Happy Monday! Watch the full episode to find out more! 0:00 Intro 0:26 Ukraine update 1:52 The Swiss Secrets: a big deal? 4:27 Gold, oil ease on encouraging Ukraine news 5:41 Nasdaq: death cross formation ahead! 8:06 Tesla at crossroads 8:43 Other EV makers under pressure 10:07 Nikola, Moderna, Block & Alibaba earnings to watch this week Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

Tesla bounces strongly on Thursday as markets decide to ignore Ukraine. TSLA stock gains 4.8% on general market bounce back. Shares are up more than 2% in Friday's premarket. Tesla (TSLA) shares bounced strongly on Thursday after dropping off a cliff due to Russia's invasion of Ukraine, Tesla is now charging higher in Friday's premarket. TSLA stock bottomed out at $700 after opening just above it on Thursday, before spending the entire session climbing back to $800. The stock closed at $800.77, a surprising 4.8% above Wednesday. It is now up 2% in the premarket near $820. Tesla Stock News: Odd trades The latest news is a family affair. Trades made by CEO Elon Musk and his brother Kimble, who sits on Tesla's board, are being scrutinized by the Securites & Exchange Commission (SEC). The Wall Street Journal reports that Kimble sold $108 million worth of shares just one day before his brother Elon posted his infamous Twitter poll asking if he should sell 10% of his Tesla stake. Once the poll was answered strongly in the affirmative, Elon began selling. This caused an approximate 25% sell-off in the share price over the following month. Daiwa Securities Group, Japan's second-biggest investment bank, plastered an outperform rating on the stock due to what it said makes the company more attractive due to the Ukraine-Russia affair. The Japanese bank gave TSLA a $900 price target, writing that "higher oil prices and potential scenario of fuel shortages, especially in Europe, could accelerate the shift to EVs. While the start of production at the Berlin plant could be delayed, recent media reports of Tesla increasing capacity at its Shanghai facility gives it more flexibility to meet European demand." The bank also pointed to the company raising output at its Shanghai plant to 1 million units per year and increasing production to 500,000 units at its Austin plant. Currently, the Shanghai factory can produce about 450,000 units a year. One reason why increasing Shanghai output is key is that gross profit margins run at about 40% there, whereas the automaker's original factory in Fremont, California, has gross profit margins closer to 20%. Last but not least, Tesla has lost its Director of Engineering, Brian Dow, to Generac Holdings (GNRC), a maker of energy storage systems and batteries. Tesla Stock Forecast: Ukraine invasion provides $700 as support One benefit of the rollercoaster ride that hit markets on Thursday is that shareholders now know where long-term support sits. Ahem, it is $700. There must have been enough automatic buying there to spur the price higher since shares were pushed up steadily to $765 by midday. The $700 mark is, however, right in line with a descending bottom side trend line in place since November 10. The region around $945 is still the target to break back into bullish territory. This $945 mark has served as both support and resistance over the past four months going back to October. Before that, however, TSLA shares must close back above the 200-day moving average, which is now at $832.61. It broke through this moving average on Tuesday and may signal there is more downside ahead. TSLA 1-day chart

Perhaps you’ve heard of the “Put / Call Ratio” (PCR) and been unsure of exactly what it is or when and how to use it.First, a quick review of what Calls and Puts are. Calls are option contracts that increase in value from a RISE in the price of the underlying stock or index. Puts are option contracts that increase in value from a DROP in the price of the underlying stock or index.Let’s jump in and see what’s “under the hood” and how we might use that to better inform our decision-making as traders and investors.What Is the Put / Call Ratio?The PCR is a contrarian indicator based on the idea that market participants tend to get too bearish or bullish shortly before a reversal is about to materialize. When the market is at a point of extreme bearishness, participants tend to buy more Puts than usual. Conversely, when the market is at a point of extreme bullishness, participants tend to buy more Calls than normal. Contrarian logic suggests that most participants tend to be wrong when the market is near inflection points.Mathematically the Put / Call Ratio is simply the number of Puts divided by the number of Calls. A value of 1 would indicate that the same number of Calls and Puts are being purchased. A value greater than 1 indicates more Puts than Calls purchased. It follows that a value below 1 means that more Calls than Puts are purchased.Sign up for my free trading newsletter so you don’t miss the next opportunity!The PCR can be calculated using either open interest or volume of contracts. It can be calculated for individual stocks and for indexes. Most trading and charting platforms have several versions of the PCR available for the major indexes. Indexes generally have charts available, while individual stocks may only have daily numerical value readily available. The PCR is generally more useful as an overall market sentiment indicator for the major indexes like the S&P 500. For most underlying, including major indexes like the S&P 500, the PCR tends to be below 1 much of the time. That makes some sense, as major indexes tend to have a long-term bullish bias. But in times of elevated fear, Put buying tends to be elevated in a rush to buy portfolio “insurance”. Outright bets on a market decline can add to that volume.How Do I Use the pcr?It helps to understand what “normal” behavior is for the number of Calls and Puts purchased for the particular index or stock. For an index like the S&P 500, a PCR of 0.9 or above suggests heavy Put buying and is typically seen as bullish from the contrarian view. For reference, at the height of the dot-com bubble in March 2000, the PCR dropped to as low as 0.39. Lots of calls were being purchased as the market was peaking.Let’s look at some recent examples where we see the Put / Call Ratio at extreme levels. Below we see a chart of the S&P 500 displayed with Heikin Ashi candles overlayed with the PCR (magenta line).In the first instance (circled in magenta), we see a low in the PCR where significantly more Calls than Puts were purchased. When interpreted as a contrarian indicator, that suggests bearishness to come. And indeed, we do see five days of bearishness to follow.We then see a sharp reversal to a relatively high PCR (blue circle), and we do see a bullish reversal that lasted for six days.At the yellow circle, we see a spike up in the PCR accompanied by a sharp increase in the underlying volume. However, we see a few days delay before the bullish reversal materializes in this instance. And the market was rather volatile on those days, as evidenced by the tall candles with long tails.At the green circle, we have a somewhat elevated PCR and another delayed reversal.ConclusionThe PCR is not particularly useful in sideways markets. But it can be useful at market extremes, albeit at times with some delay.Like many indicators, the PCR is far from 100% reliable unto itself. Used in conjunction with volume, volatility (VIX), support/resistance levels, trendlines, moving averages, and other technical indicators, the PCR can give us valuable clues about market sentiment and when a reversal may be in the making.Now That You Know more About the put / call ration, Read On To Learn More About Options TradingEvery day on Options Trading Signals, we do defined risk trades that protect us from black swan events 24/7. Many may think that is what stop losses are for. Well, remember the markets are only open about 1/3 of the hours in a day. Therefore, a stop loss only protects you for 1/3 of each day. Stocks can gap up or down. With options, you are always protected because we do defined risk in a spread. We cover with multiple legs, which are always on once you own.   If you are new to trading or have been trading stock but are interested in options, you can find more information at The Technical Traders – Options Trading Signals Service. The head Options Trading Specialist Brian Benson, who has been trading options for almost 20 years, sends out real live trade alerts on actual trades, such as TSLA and NVDA, with real money. Ready to subscribe, click here:  TheTechnicalTraders.com.Enjoy your day!

Bitcoin price sees its gains being pared back a bit after more talks on regulatory crackdown out of U.S. on cryptocurrencies. Ethereum price slips further away from $3,018 after Powell's speech before Congress talked about regulating cryptocurrencies. XRP price sideways, awaiting a catalyst to go either way. Cryptocurrencies are facing some headwinds – whilst they have enjoyed more inflows of late as both Ukrainian and Russian inhabitants reverted to cryptocurrencies as an alternative means of payment to avoid sanctions – there are signs this loophole will soon be closed. During Biden's State of the Union speech the president asked for a crackdown on cryptocurrencies to close the escape route for wealthy Russians. FED chair Powell added fuel to the fire by saying that he would welcome further regulation to monitor and control cryptocurrencies better. The result is that these comments have triggered some nervousness in all significant cryptocurrency pairs. Bitcoin bulls are rejected at $44,088 with the risk of sliding back to $42,000 Bitcoin (BTC) price saw a full paring back of the losses accumulated during the Russian invasion as cryptocurrencies saw renewed cash inflow from both Russians and Ukrainians looking for alternative means of payment after both central banks had put in cash withdrawal restrictions. As Bitcoin looked to be poised for another leg higher, both Biden and Powell created some headwinds by urging for more regulatory crackdown, as it is emerging that cryptocurrencies are undermining sanctions on Russia. With this renewed negative attention towards cryptocurrencies, investors are being quick to book profits and, in the process, are pushing BTC price action to the downside. BTC price saw an initial rejection at $45,261, a level which coincides with the low of December 17, and as such triggered some profit-taking. As profit-taking continues bulls are faced with another rejection at $44,088, a level that goes back to August 06. Below that, the search for support finds nothing until $41,756 or the psychological $42,000 level near the baseline of a bearish triangle we had marked up earlier. BTC/USD daily chart As more talks are underway, a breakthrough could still happen at any moment. If that happened, it would mean that bears would fail in their attempt to squeeze out bulls and get stopped out themselves once the price pierced through $44,088 to the upside. That move would even accelerate after shooting through $45,261, with a quick rally to $48,760 and, from there, positioning Bitcoin to pop back above $50,000 next week. Ethereum bulls are defending the 55-day SMA, but support is wearing thin Ethereum (ETH) price takes another step back today after more negative connotations from FED Chair Powell in the house hearing before Congress. Next to committing to more rate hikes, Powell also drilled down on cryptocurrencies and called them a risk that needs to be prioritised with regulations. That puts greater regulation for cryptocurrencies at the top of the congressional agenda – after Ukraine, and inland inflation had pushed that bullet point further down the list. For the moment, ETH sees bulls defending the 55-day Simple Moving Average (SMA) at $2,880. Although it looks good to hold for now, in the past, the 55-day SMA has not built a solid reputation of being well respected. So expect a possible breach once the US session kicks in and Powell makes more negative comments on cryptocurrencies in his second day of congressional hearings, which will likely push ETH price below the 55-day SMA at $2,880, through the monthly pivot at $2,835, and down to a possible endpoint at around $2,695. ETH/USD daily chart As the situation in Russia further deteriorates with more sanctions on the shelf, residents will be forced even more to flee into cryptocurrencies to avoid any repercussions from the financial sanctions imposed. That would mean broad flux inflow throughout the coming days, with ETH price action popping above $3,018, and in the process breaking the double top of rejection from Tuesday and Wednesday. To the upside, that could see $3,391 for a test as the inflow will outweigh any bearish attempts from short sellers. XRP price testing monthly pivot to the downside as dollar strength weighs Ripple's (XRP) price is under pressure to the downside as bears are putting in their effort to break the new monthly pivot at $0.76. Bears are getting help from the other side of the asset pair by the dollar’s strength weighing on price action for a second consecutive day. With Ukraine's current tension and possible retaliation from Russia against the West, safe havens are broadly bid with the Greenback on the front foot and thus outpacing XRP’s valuation, resulting in a move lower. Expect XRP price to see an accelerated move once the monthly pivot at $0.76 gives way. With not much in the way, the road is open to drop to $0.62, with $0.70 and $0.68 as possible breaking off points where bears could see some profit-taking and attempts by bulls to halt the downturn. But the trifecta of the negative comments from both Biden and Powell joined with the safe-haven bid is too big of a force to withstand, making $0.62 almost inevitable in the coming hours or trading days. XRP/USD daily chart The only event that could turn this around is if a catalyst were to remove the safe-haven bid. That could come with a resolution of the current tension in Ukraine or surrender of the Russian army of some sort. In such an outcome, the safe-haven bid would evaporate, followed by a massive risk-on flow which would see XRP pop above $0.78 and rally to $0.88, taking out $0.84 along the way to the upside.

How can we protect our portfolio against losses when stocks are in a correction?  Or even if stocks are not currently in a correction?   There are many schools of thought on that. One way is to close positions and wait for more bullish times on the sidelines.  But that may not be the best choice for any number of reasons.Perhaps you are bullish on a stock position long-term and don’t want to sell it.  Maybe you already have a nice gain on your shares but are worried about a further decline.  Or perhaps there’s a dividend that you would like to continue to collect.  Simple Portfolio “Insurance”One relatively straightforward way to protect open stock positions is to buy Put protection.  Puts are option contracts that have an inverse correlation to price.   If the shares go down in price, the value of the Put will increase, thereby providing some offset to losses in the underlying stock.   The tradeoff is that Puts come at an out-of-pocket cost, and they expire.  There’s a cost to carry to have that “insurance” in place.Taking it a Step Further with a “Collar”A Collar can be an effective strategy to ensure against significant losses.  A common way to offset the cost of purchasing protective Puts is to implement a Collar strategy using options.Calls are option contracts that increase in value when the underlying shares go up in value.  We can sell Calls against our long stock and collect a premium.   That’s a simple Covered Call strategy.  But in itself, we get no downside protection on our shares other than the amount of the premium collected for selling the Calls.We can take that a step further by using the premium collected from selling the Calls to purchase protective Puts.  That’s known as a Collar.   And depending on the option strike prices and duration, we may be able to do that for a net credit and put a little extra profit in our pocket.Putting on a CollarSince options contracts control 100 shares per contract, the number of shares you want to protect determines the number of contracts.  Say you have 1,000 shares.  In that case, the Collar position would consist of 10 short Calls and 10 long Puts.  Here’s a P/L graph of a Collar on AAPL.  In this example, the stock is at $160.  A $170 Call is sold for $1.25, and a $140 Put is purchased at $1.00.  A Net credit of $0.25 is collected when the position is put on. Both options are 30 days to expiration (DTE). The TradeoffsWhile it’s tempting to think of the Collar as a way to get “free” Put protection, there are some tradeoffs.   By selling Calls, we are limiting our upside.  In the example above, we could have a $10 gain to the upside.  We’d also get to keep any net premiums collected, another $0.25 per share.  But because we’re obligated to provide shares at $170, we have capped our profit potential.The Collar also only gives us partial protection to the downside.  Options also have a limited life and expire. What Happens at Expiration?If the share price is above our Call strike price at expiration, we’re likely to have our shares “called away” – meaning we’ll be obligated to sell our shares at the strike price, $170 in this example.  But we could also extend the duration by rolling that Call out for additional credit.  As long as there are more than a few cents of time value in our short Call, we’re less likely to have it exercised even if it is in-the-money (ITM).   If our counterparty wanted to close their position, as long as there’s time value left in the option, they would be better off to sell their long Call rather than exercise it against us.Sign up for my free trading newsletter so you don’t miss the next opportunity! If the share price is between our Call and Put strike prices at expiration, those options expire worthlessly, and we’re left with our stock as before.If the share price has dropped below our Put strike, we would want to either sell the Put or exercise it.  We could “put” the stock to our counterparty at $140 per share.  Alternately, we could sell the Put and continue to hold onto our shares.The best case is for the options to expire with the share price just below the Call strike price.  In that case, both the Puts and the Calls expire worthlessly, and we get to keep our shares.  We are then free to sell shares at a profit or keep them and apply another Collar further out in time.SummaryIf you own shares that you don’t want to sell, consider putting on a Collar using options to give you some downside protection.  A Collar entails selling calls against your shares and using the premium collected to purchase puts for downside protection.  The tradeoff is your upside is limited.  But you get to hold onto your shares to continue to collect dividends (if any), all while having long Puts in place for downside protection.Read On To Learn More About Options TradingEvery day on Options Trading Signals, we do defined risk trades that protect us from black swan events 24/7. Many may think that is what stop losses are for. Well, remember the markets are only open about 1/3 of the hours in a day. Therefore, a stop loss only protects you for 1/3 of each day. Stocks can gap up or down. With options, you are always protected because we do defined risk in a spread. We cover with multiple legs, which are always on once you own.   If you are new to trading or have been trading stock but are interested in options, you can find more information at The Technical Traders – Options Trading Signals Service. The head Options Trading Specialist Brian Benson, who has been trading options for almost 20 years, sends out real live trade alerts on actual trades, such as TSLA and NVDA, with real money. Ready to subscribe, click here:  TheTechnicalTraders.com.Enjoy your day!

Tesla stock surges on news of a potential stock split dividend.TSLA is up at $1,066 of +5.6% in Monday premarket trading.Tesla stock has rallied sharply from early March lows.Tesla stock (TSLA) is back to the top of the social media chatter on Monday, usurping GameStop and AMC in the process. The stock is surging this morning on news of a potential stock split dividend. Tesla previously did a 5-for-1 stock split back in August 2020, and other companies have followed suit, notably Amazon. This makes it easier for retail investors to own the stock when it has a more affordable share price.Tesla Stock News: Stock split imminent?Tesla's board of directors has already approved the plan to split the shares for a stock dividend and will put it to a vote of the shareholders. The news was well-received by retail shareholders who tend to be more active in the premarket than other holders. A stock dividend is exactly what it sounds like. Instead of receiving cash, shareholders receive new shares in the company. This means companies do not use up cash to fund the dividend. Stock dividends are usually dilutive to earnings per share (EPS) as more shares are in issue after the event. Tesla is up nearly 6% before the open. It is not all plain sailing though for the EV giant as more Chinese covid lockdowns are announced. Tesla will close its Shanghai giga plant for at least a day on the back of lockdowns in the city. Tesla Stock ForecastA powerful rally with the next target now set at $1,210. This would set up Tesla's (TSLA) stock to break to all-time highs. Currently, on the longer-term time horizon, the narrative is still bearish with a series of lower highs and lower lows. So breaking $1,210 turns Tesla bullish on all time horizons. Naturally, it is already bullish in the short term after last week's strong rally. Holding above $945 is the key pivot for medium and long-term traders. TSLA 20-hour chartThere is a short-term pivot at $1,000, with high volume at this level. Below sees a volume gap to $945, the key as mentioned above. Tesla chart, 15-minute

In recent weeks there have been several companies announcing stock splits. First, there are the big tech giants such as Alphabet (GOOGL), Amazon (AMZN), and now Tesla has jumped up to make their announcement of a stock split, the second stock split in two years. Tesla has not announced the split ratio yet but will do so after shareholder approval. You may be wondering why these mega-cap tech companies are doing so many stock splits. These companies use stock splits in many ways. For example, they use stock splits to get into a different Index like the Dow 30, which is based on the stock price. Or they may be trying to get a lower share price to entice retail investors to invest. Many of these companies stocks have gotten a little expensive for retail investors. They could easily buy more shares through fractional shares, which can be purchased through some investing apps. However, the appeal of buying cheaper shares may bring in more retail investors to hold whole shares of a company. The EV Market Impact There are many reasons why Tesla could be doing a stock split, but one of the biggest reasons is its control over the electric vehicle (EV) market. With the growing inflationary prices of gasoline and petrol worldwide, people are looking for other options to combat these prices. One way is to drive less, but in a car-centered culture like the USA, that is not an option taken very seriously. The second option would be to drive an EV. In the 4th quarter of 2021, car buyers bought 21% fewer vehicles. However, the vehicles shoppers did buy were EVs, and sales boomed 72% higher than usual in the US. EV car sales usually make up 1% - 2% of the car sales, but between October and December of 2021, EV car sales made up 4.5% - 5% of all car sales. Out of around 148,000 EV cars sales reported in the US in the 4th quarter of 2021, 72% came from Tesla. Of course, many companies besides Tesla are making EVs, but Tesla has been innovating and marketing continuously, allowing the company to remain the market leader. The Expansion of Tesla Tesla is in a growth phase with many people purchasing their vehicles; they see the high demand. Consequently, the company is opening a new Tesla factory in Germany to provide over 500,000 Teslas to Europe. In addition, Tesla is about to open a new factory in Austin, Texas. With the opening of the new factories, you can see that demand is increasing for EVs and especially Tesla cars. People want a vehicle that can save them money. Tesla vehicles are answering the call of consumers. Why is Tesla Splitting Their Stock The year 2022 seems to be the year for stock splits, and almost every mega-cap tech company is starting to do it. Since Tesla is once again splitting its stock, here are some reasons they may be doing so. To Help Retail Investors As you may have noticed, their company is doing well on all the fundamentals. They are producing quality products and dominating the sector; revenue and earnings are increasing. With the rise in popularity of Tesla and its vehicles, more retail investors would like to own this company. At more than $1,000 per share, the stock price is still too steep for most regular retail investors. Of course, they could buy a diversified S&P 500 Index fund or ETF like SPY or VOO, but it is not like holding whole shares of Tesla. Splitting the stock allows average retail investors to purchase shares at a lower price in the stock market and be a part of this significant growth. Adding Value to the Price Announcing a stock split doesn't happen often. For example, Amazon did a few of them from 1997 to 1999 and has not split the stock again until 2022. Tesla is doing it for the second time in 2 years, and the last time they split the stock, the price rose to $2,000 per share. After this most recent announcement, the price went up 8% on March 29th when it was announced the split would happen. Teslas added $84 billion to its market capitalization in that one day alone. That is approximately the market cap of Volvo. Think about that. The value of Telsa has gained so much. They want the company not to be just owned by their employees but allow the retail investors to have more ownership of the company. As that happens, the value of the company will continue to rise. Become Competitive for Employees Another reason for the stock split could be the employee stock options. Many employees have stock options, and with the high prices of the stock, it can be challenging to exercise some of these options without having significant tax implications. With a lower price, the employees can have an opportunity to exercise some of their options and continue to diversify their wealth and portfolio allocations. With many other tech giants doing the same, Tesla creates a more competitive atmosphere in retaining good employees. Nicholas Colas, a co-founder of DataTrek Research, said, "A lower-priced stock makes it easier for employees with equity as part of their compensation to sell a more specific amount to satisfy tax liabilities and manage their personal wealth," After one company starts doing stock splits, many others will do the same to compete or retain similar talent. So it is not just a competition over the market cap in the stock; it is a competition over the best talent to create a thriving company. What Should You Do? There are many options that you could do. Stock splits are happening more often now than they have in recent years. Many companies are growing in market cap higher than they had ever imagined. For instance, Apple (APPL) became a $3 trillion stock earlier this year. You could start by buying some of these companies' stocks or keep it simple and invest in a nice index fund that holds these companies. If you are a retail investor, then the news of stock splits can be good news. You can add more shares of your favorite companies to your portfolio at a lower price per share. Author Bio: Dividend Power is a self-taught investor and blogger on dividend growth stocks and financial independence. Some of his writings can be found on Seeking Alpha, TalkMarkets, ValueWalk, The Money Show, Forbes, Yahoo Finance, FXMag, and leading financial blogs. He also works as a part-time freelance equity analyst with a leading newsletter on dividend stocks. He was recently in the top 1.2% (98 out of over 8,252) of financial bloggers as tracked by TipRanks (an independent analyst tracking site) for his articles on Seeking Alpha. Disclaimer: Dividend Power is not a licensed or registered investment adviser or broker/dealer. He is not providing you with individual investment advice. Please consult with a licensed investment professional before you invest your money. 

There are many charts which heat the markets today! After the release of breaking news that Elon Musk extends its shares Twitter has rocketed! Pre-market performance of Twitter is outstanding as it has gained 25%! A friend of Elon which is DOGE (Dogecoin) is having a good time as well. Some time after the news release it has jumped ca. 10% What a day! Russia-Ukraine topping headlines, next sanctions to come? Let's have a look at the charts (courtesy of TradingView.com). Dogecoin, Tesla and TWTR are not the  only ones we want to highlight today. There were many important releases the previous week and the new one has begun shocking the markets with all of commentaries according to still remaining Russia-Ukraine conflict, sanctions and economic indicators around the world. What about currencies and Forex pairs? As we wrote in the Economic Calendar there are a lot of announcements and events which will afect the exchange rates of many currencies. In the US Crude Oil Inventories indicator is released shortly and e.g. in Poland, which is affected by many reccession factors interest rate is about to be fixed in the middle of the week. Dogecoin Chart - Daily Dynamics of DOGE weren't that dynamic (sic!) until the time of the shocking news release. Tesla Stock Price Chart - Daily Tesla has decreased a bit, let's see how the price of its stock will develop throughout the day. What about Forex pairs? GBP/USD investor may have mixed feelings as the chart shows volatility over last 24 hours. Near midday there was a significant drop which put GBPUSD bewlo the line. Because of that many investors wonder what will rhetoric of BoE and Fed bring to forex market. GBPUSD Chart - Daily Twitter (TWTR) Stock Price Chart - Daily Twitter stock price rallied after breaking news about Elon Musk.  Source/Data: TradingView.com Charts: Courtesy of TradingView.com

Twitter jumped 27% in a single move on the news that Elon Musk took a 9.2% stake in the company. The jump in Twitter shares gave an energy boost to the US equities, especially to the technology stocks. Tesla jumped 5.5% on record deliveries. But news regarding the war and oil prices were less encouraging. EU leaders will reportedly meet tomorrow and announce additional. Lithuania became the first European country to announce a total ban on Russian gas imports, and the possibility of other nations joining Lithuania in banning Russian oil and gas gives a boost to oil bulls. US crude quickly bounced above the $100 mark yesterday on escalating tensions in Ukraine. Elsewhere, US factory orders fell for the first time in ten months on supply constraints, the PMI data will give a hint on the European activity levels amid war in Ukraine, and the Reserve Bank of Australia (RBA) kept its policy rate unchanged at the historical low of 0.10% for the sixteenth consecutive month. The Aussie rebounded more than 9% against the US dollar since the beginning of February, as iron ore prices jumped due to the Ukraine war, and the medium-term outlook remains positive for the Aussie, as long as commodity prices remain supported by geopolitical threat to the supply. Watch the full episode to find out more! 0:00 Intro 0:25 Twitter rallied 27% as Elon Musk bought 9.2% stake 1:46 ... pulled US tech stocks higher 2:16 Tesla revealed record car deliveries 4:29 Oil rebounded from $100pb ahead of new Russia sanctions 7:00 Investing in rare earth metals 8:12 US factory orders, PMI data & RBA decision Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

TSLA stock plummets as Shanghai lockdown hits stock. CEO Elon Musk refuses a seat on Twitter board, signs deal with Block on BTC mining project. Tesla is due to report first-quarter earnings on April 20. Tesla (TSLA) stock is under pressure this morning with multiple newsflows in evidence. Tesla lost ground on Friday as it closed 3% lower and so far is replicating that loss in Monday's premarket. Fears over lockdown in China are hurting TSLA stock as are supply chain issues and input costs. Tesla (TSLA) stock news: Newsflows all over the place Tesla CEO Elon Musk is rarely out of the news and certainly made headlines last week when his 9.2% stake in Twitter (TWTR) stock was unveiled. However, this has now taken a fresh twist with Twitter CEO Parag Agrawal saying that Musk has turned down the offer to be a member of the board of TWTR. This brings up some interesting questions none of which we can answer. Probably most importantly does this mean Elon Musk wants a bigger stake in Twitter? Being on the board would have restricted Musk to a maximum stake but now he could go hostile if he is determined to take over the company. That seems unlikely. Perhaps as a board member, he may not have been as free to tweet as he would like. Whatever the reasons, it keeps investors in Tesla and Twitter guessing. Tesla shareholders will be more concerned with what is happening in China. Shanghai is in a state of lockdown and Tesla's giga-factory was forced to suspend production. NIO and other EV makers have also been affected, but Tesla is due to release earnings for the first quarter in two weeks and the latest data is not promising. Tesla assembled 55,462 units in China during March, compared to 68,117 in January. This is likely due to the aforementioned lockdowns. China is the world's largest EV market and recent signs are not good on a macro level. This morning we had a very high CPI number from China, meaning recent monetary policy loosening will now be more difficult to pursue. Also out this morning was data showing a drop in vehicle sales of 11.7% in March. The combination of a slowing Chinese market and limited Chinese production is not ideal. Separately, Tesla has reportedly entered into an agreement with Jack Dorsey's Block (SQ) on a Bitcoin mining project. Block and Blockstream are trying to show that Bitcoin can be mined using renewable energy. Finally, Reuters has reported that Tesla is to build a solar-powered facility in Texas. Tesla (TSLA) stock forecast The recent TSLA stock rally was exceptionally strong and caught many investors by surprise. This was market-wide though and not all down to Tesla. The failure to make a new high signaled we remain in a long-to-medium-term downtrend, though. We still have a series of lower highs and lower lows. The next target for TSLA stock should be to make a lower low, which means breaking $700. Resistance at $1,208 is the last major high, if that is broken then the downtrend is over and record highs beckon. The first target and support are $945. The recent move higher saw a sell signal from both the MFI (money flow index) and RSI (relative strength index). Tesla (TSLA) stock chart, daily

Photo Credit: John.U || Look at all those eggs in one basket! The owner *is* watching it carefully, right? Jason Zweig recent wrote an article on owning stock in the company that you work for. Then today in his WSJ newsletter he asked the following question: What’s the most concentrated investment position you’ve ever had? (In other words, what single investment made up the greatest proportion of your portfolio?) Did it work out well or poorly? What did you learn from it? I have one article to answer both questions called Life with Wife. It’s a cute article which runs through two times in my life where I had an overly concentrated investment position. The first one was regarding The St. Paul (acquired by The Travelers), where I took my first big bonus, and put it all into shares of The St. Paul. I got derided for doing that by my colleagues in the investment department, but with a AA balance sheet, trading at 55% of tangible book value, and 8x forward earnings, I felt I had a reasonable provision against adverse deviation — a margin of safety. If you read the article, you will see that I almost doubled my money in six months, then sold. At the peak it was half of my net worth, and I had a mortgage then. So should you invest in your own company? Well, are you working for Tesla or Enron? I am being facetious here, as the guys at Enron thought they were working for a cutting-edge company like Tesla. But any analyst worth his salt would have seen that free cash flow at Enron was deeply negative. I have a neighbor who is a Tesla mechanic. As I was mowing my lawn one day, he waved me over. He wanted advice. He hinted to me how much his Tesla shares were worth. He had consulted an investment advisor who had told him to sell the wad, and the advisor would create a growth and income portfolio allowing him to retire (he is in his 60s). But he was conflicted, because Tesla was doing so well. He asked me what I would do if I was in his shoes. (Note: the TSLA shares were likely 95% of his net worth.) I said, “Do half, or sell 10-20% per year over time, until you do sell half.” Doing that frees you from the binary decision that you might regret. After selling half, if the price goes up, you still have more capital gains. If the price goes down, you sold some at a good time. You can be happy with yourself no matter what. I have no idea what my neighbor did. Hopefully he sold some. The second situation in Life with Wife regarded my only significant private equity position, Wright Manufacturing, which makes the best commercial lawn mowers in the world. At that point, my holdings were 15% of my net worth, with no mortgage. The founder was throwing everything into growth, and sacrificing safety. If he hadn’t been my friend, I probably would not have invested with him. As it was, when I sold half, I had recouped my investment. After the Life with Wife article, I bought out several of the founder’s relatives, ending up with 2.2% of the company. I’ve made 5x on my money here, with distributions, and using the very thin “market” for shares. One of the founder’s sons leads the company now, and he is a far better manager than his father. I like this company, and am more likely to buy more than to sell at this point. But at this point, it is only 10% of my net worth. I may offer to buy more, but I am thinking about it. It trades at 6x earnings, with a stronger balance sheet than the founder worked with, and a stronger competitive position. The most recent price is still below where I sold it to the second largest shareholder. Price discovery is tough when there are only 20 shareholders, and new shareholders may only enter at the pleasure of the board of directors. Closing So, over my life, I have reduced the relative amount at risk on my biggest positions. Does that make sense? Of course — I have less time to make up for mistakes as I grow older. The only people who should be taking high risks when they are old are who are ultra-rich. If they fail, they will still have enough for a moderate existence. Be careful with concentrated positions. You need certainty about safety most, earnings second, and growth third. Otherwise you are a gambler, and most gamblers lose.

Stocks fluctuated following their recent decline on Tuesday and the S&P 500 index closed slightly below the 4,400 level. Is this still just a downward correction? The S&P 500 index lost 0.34% on Tuesday following its Monday’s decline of 1.7%. There is still a lot of uncertainty concerning the Ukraine conflict and Fed’s monetary policy tightening plans. On Monday it led to a more pronounced profit-taking action. However, the coming quarterly earnings releases season may be a positive factor in the near term. This morning the broad stock market is expected virtually flat following the Producer Price Index release. The nearest important resistance level is now at around 4,475-4,500, marked by the recent support level and Monday’s daily gap down. On the other hand, the support level is at 4,350-4,400. The S&P 500 index retraced more of its March rally, as we can see on the daily chart (chart by courtesy of http://stockcharts.com): Futures Contract – Short-Term Consolidation Let’s take a look at the hourly chart of the S&P 500 futures contract. Recently it broke below the 4,400 level and our profitable long position was closed at the stop-loss (take-profit) level of 4,440. Overall, we gained 100 points on that trade in a little less than two months’ time (it was opened on Feb. 22 at 4,340 level). So now we will wait for another profit opportunity. (chart by courtesy of http://tradingview.com): Conclusion The S&P 500 index is expected to open 0.1% lower following the producer inflation number release. Stocks will likely extend their consolidation. For now it looks like a relatively flat correction within a short-term downtrend. Here’s the breakdown: The S&P 500 index trades within a short-term consolidation following the recent declines. Our profitable long position was closed at the 4,440 level (a gain of 100 points from the Feb. 22 opening). Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Stock Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Paul Rejczak,Stock Trading StrategistSunshine Profits: Effective Investments through Diligence and Care * * * * * The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Netflix plunged over 20% in the after-hours trading, following the release of Q1 2022 earnings report. Subscriber base shrank by 200,000, marking the first drop in overall users in more than a decade. The drop was led by a loss of 700 thousand subscribers from Russia as the company suspended services in the country and as competition in the streaming sector continues to become more challenging. Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun US indices have been increasingly reactive to this earning season Today, investors will focus on the highly anticipated earnings release form Tesla, which managed to mostly mitigate the impact of supply shortages and rising inflation thus far while expanding its production facilities. While growing concerns relating to covid-19 related lockdowns in China persist, investors will be keeping a close eye on Q1 results along with the company's outlook for the rest of 2022 after Elon Musk attracted additional attention after offering to buy Twitter at a significant premium. US indices have been increasingly reactive to this earning season after many investors have started to look past the initial shock caused by the Russia-Ukraine conflict and today could be no exception. Read next: Altcoins' Rally: Solana (SOL) Soars Even More, DOT and SHIBA INU Do The Same! | FXMAG.COM Oil prices attempt to recover after 6% drop Oil is trading higher after prices dropped significantly following the long easter weekend. WTI broke above $103 per barrel while Brent jumped above $108 at the start of today's session but appear to remain constrained in a narrow range for the time being. Traders await today's EIA inventory report which is expected to show a 2.5 million barrel increase after yesterday's API report defied expectations by indicating a 4.5 million barrel drop. While rising demand concerns caused by the increase in covid lockdowns in China continue to pressure the price, the uncertain situation relating to the potential import ban of Russian energy from Europe remains a key topic to watch and may cause noticeable volatility if things were to change suddenly.  

Not only has the earnings in the USA moving markets, but also all the news coming from Europe where Russia-Ukraine conflict persists influencing markets in various ways. The information about German Continental (CFD) restarting its factories in Russia to “protect workers” shocked many and brought on discussions. Continental (CONG) Gains Amid Controversy Technically, Continental has increased by over 4% and we wonder, if automotive companies who cooperate with the German tyres maker are going to revoke the partnerships making brands decline amid controversial decision. Continental restarts tyre making at Russian plant to protect workers https://t.co/POmwlhg41S pic.twitter.com/CChFSaNsz9 — Reuters (@Reuters) April 19, 2022 DAX (GER 40) Trades Higher Today Speaking of DAX, Continental is not the only “power source” today. Despite Continental, Sartorius (SATG_p) – a medical company and multi-branch Siemens (SIEGn) which provides various electric and electronic solutions to many markets. Read next: (XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply | FXMAG.COM Continental and Siemens Leading The Gainers’ Ranking Sartorius went for a 4.12% gain, CONG increase amounts to 4.55% and Siemens AG has risen by 4.06% over last 24 hours, but day is not over yet and these companies may fluctuate throughout next 2 hours of trading on XETRA. However, GER 40 has performed really well over last day gaining over 1.2% what can really gratify investors. Energy crisis? RWE is doing well! So which companies have lost? RWE AG (electricity) has increased over last year (+12.26%), but over last day the price has gone down by ca. 2%! HelloFresh (HFGG) investors probably feels upset as well – the company has lost -1.46% over last day. The third company which is currently below-the-line is Zalando SE known from its e-commerce brands. Read next: Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain | FXMAG.COM The USA is back trading! Some news has moved the markets! Yesterday’s earnings of Tesla and Netflix has been shaping the prices from the time of announcements. But US Stocks is not only about big-tech and love brands! Read next: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased | FXMAG.COM Netflix (NFLX) Has Begun With A Small Climb Surprisingly American Airlines shocked many with its earnings putting the stock price really, really high. The gain has amounted to ca. 10% and the commentary by the company’s CEO, Robert Isom is definitely worth a watch as he elaborates not only on the AAL revenue, but also on masks and post-COVID travelling. Rocking and Dancing Tesla Naturally opening Tesla factory in Berlin was a great reason to dance so we expect that the office of Elon Musk is like a danceroom right now as the stock price keeps high levels after yesterday’s evening release of the earnings. Tesla Stock Price (TSLA) Impressive AT&T AT&T earnings almost amounted to the forecast presented by Investing.com team in their insightful Earnings Calendar and the stock price has increased in premarket, so watch it closely throughout the day. Source/Data: Investing.com, TradingView.com Charts: Courtesy of TradingView.com

Since the market opened this morning, the price of Tesla’s stock has increased largely, this surge came after the earnings announcement for Tesla that took place late one Wednesday, which showed large increases in earnings and profits, reflecting unexpected growth for Q1. Tesla share price has surged in the past 24 hours as a result of musks earning announcement that took place late on Wednesday (CET) Read next: (XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply | FXMAG.COM The stock price was also affected by Musk’s determination to take over Twitter (TWTR) The price of Tesla's stock has shown very volatile price movements over the past week as a result of market sentiment and current market conditions. In addition, the stock price was also affected by Musk’s determination to take over twitter, an announcement that took place just over a week ago, since then the price has been rising again in general. Read next: Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain | FXMAG.COM Research has shown that the value of Tesla's stock has a correlation between stock movements in the near term and earnings estimates. Currently the market sentiment for the stock is mixed as investors in general are unsure where the markets will go at this point and investors are seemingly more risk-averse amid the rising inflation and possibility of a looming recession. Tesla Stock Price Chart Sources: Finance.yahoo.com, investors.com  Read next: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased | FXMAG.COM  

Summary: More prospective buyers wanting to take part in the potential buying of Twitter. Does Musk have what it takes to run Twitter? Investor confidence in Musk’s future plan with Twitter.   The lack of investor confidence in Musk's ability to run and finance Twitter... On the 14th April 2022 Elon Musk offered to buy Twitter for around $43bn, on this day the price of the stock fell around 2% in value. Normally when there is news that there is an offer to buy a company at a price higher than the market value the investors would buy the shares to crank up the price, this was not the case with Musk and Twitter. The lack of investor confidence in Musk's ability to run and finance Twitter was confirmed when Twitter proposed a “poison pill” in an attempt to deter Musk from his acquisition plans.   Read next: U.S Yields Expecting Further Increases!?, Announcement Of PMIs Prelims For The Private Sector - FOREX Today| FXMAG.COM   Since Musk offered to buy Twitter, more companies have risen to the challenge and want a spot at the purchase table. Twitter's share price has been volatile recently. Now that there are more prospective buyers in the game, the truth of whether or not Musk really wants Twitter is hanging on his next move. Twitter Price Chart Sources: Time.com, finance.yahoo.com, latimes.com

TSLA stock recovered on Friday to close up 3.7% at $902.94. Tesla stock has been under pressure from Musk selling the stock for Twitter deal. Reports surfaced of a club of billionaires urging Musk on for the TWTR deal. News just in from a Reuters report says that Tesla received help from Shanghai authorities to help Tesla reopen its Giga Shanghai factory. A letter seen by Reuters claimed to be from Tesla says that Shanghai authorities helped transport 6,000 workers to the factory and that authorities also helped to disinfect the plant. TSLA stock is trading at $906.45, up 0.5% in Tuesday's premarket. Tesla (TSLA) stock recovered a decent bit of ground on Monday as the US equity indices staged a late recovery to move higher. The Nasdaq was the big winner closing up 1.7% but naturally, Tesla being high beta, outperformed that and settled nearly 4% higher. The stock remains well below recent levels but may be set for a comeback as sentiment reaches extremely bearish levels, meaning a countertrend rally could be set to unfold this week. That is once we get through the Fed's interest rate decision. However, with most participants either short or neutral we expect something of a positioning rally Tuesday and Wednesday as investors rebalance from overly bearish positions. Yes, the Fed will hike 50bps but the market has this well priced in. The risk-reward is for a less than hawkish commentary and a strong equity market rally. The bad news and overly hawkish commentary are expected. Anything even slightly more accomodating will see a rush back to equities. Tech is one of the most beaten-down sectors so it will stand to have the strongest rally. Don't say you haven't been warned. Tesla (TSLA) stock news: Billionaires pitching Twitter deal Some interesting news over the weekend from an article in the Wall Street Journal. The paper reports that a group of billionaires has been urging Elon Musk to go ahead and purchase Twitter (TWTR). The Wall Street Journal reported cited a group including some former Paypal execs, of which Mr. Musk is one and Peter Thiel another one. It is not clear if this influenced Mr. Musk in any way and he does always appear to be very definite in his own views and motives. Twitter (TWTR) stock news: Musk reducing margin loan financing? TWTR stock also traded higher on Monday as it appears Elon Musk is in talks to reduce his collateral on the Twitter deal. It was revealed last week that Elon Musk had to put down a large stake of his Tesla holdings as collateral, but a Reuters report suggested he is in talks with Apollo Global Management (APO) and Ares Management (ARES) to reduce the margin loan element of his Twitter financing. This should naturally help relieve the pressure on Tesla stock and was partly the reason for Monday's strong rally. Both Apollo and Ares are private equity firms. Tesla (TSLA) stock forecast: Potential for short-term bounce Very little of note to comment on here compared with last week. TSLA stock price remains in a medium-term downtrend but we have some potential for a short-term bounce. $975 is the key resistance. Tesla (TSLA) stock chart, daily Below is the 15-minute chart, showing more detail on a short-term basis. Witness the large volume gap from $920 to $975, so a move above $920 should then accelerate quickly to fill this gap. Tesla (TSLA) stock chart, 15 minute

Tesla stock falls just over 8% on Wednesday. Twitter stock also falls and is now nearly 20% below its takeover price. TSLA still holding above $700 key support. Tesla (TSLA) stock suffered another humbling day on Wednesday as it yet again suffered more steep losses. As the broader equity market appears to crash, so too does the Tesla share price. This time it dropped by 8% to trade into the low $700s. $700 was the low seen back in February when market panic sold the Ukraine invasion news. Since then Tesla has recovered and held up well. Part of this was the reasonably good earnings quarter it posted. Now though a combination of macro factors and the Twitter (TWTR) deal are weighing on the stock. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Tesla Stock News The latest Tesla recall news hit yesterday, and that certainly helped the stock underperform all the main indices. Tesla has had to recall 130,000 vehicles due to CPU problems affecting the central display unit. There have been a number of recalls for Tesla vehicles this year, none of which seems to have hindered the share price. But this environment has turned more bearish, and any bad news is seized upon. This week we also have had news of a supply problem hindering production at Giga Shanghai, which comes just days after getting the factory back online after covid lockdowns. Adding to pressure on Elon Musk but not directly attributable to Tesla is a report from The Wall Street Journal saying that Elon Musk is facing a federal probe over delays in his filing for his initial stake in Twitter. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM We also note a report from Bloomberg saying smaller investors and hedge funds will get the chance to invest in the Twitter acquisition by way of special purpose vehicles that pool money together. The minimum investment is $5 million. This is not reassuring in our view. Still scrambling around for investors at this late stage in this type of market does not inspire confidence in the deal going through in its current guise. Hindenberg Research also released a report outlining similar concerns last week. Tesla Stock Forecast $700 remains the key support and target for now. As long as this holds then, there is the chance of a strong bear market rally. But it likely is getting too close for comfort now and should be triggered today. That level most likely has stops just beneath, so it could spike lower on a beak. That would then be the time to reassess. Both the Money Flow Index (MFI) and the Relative Strength Index (RSI) are close to oversold, and a break of $700 could put both into oversold territory. Breaking $700 brings $620 as the next support. Resistance and the bullish pivot is all the way up at $945 now. Read next: Where XRP price could bottom and how to reenter the market| FXMAG.COM Tesla (TSLA) chart, daily

Summary: Elon Musk put the twitter deal on hold. Stock prices drop. Elon Musk Tweets that twitter deal is on hold On Friday Elon Musk tweeted that the deal to buy out twitter has temporarily been put on hold. Elon Musk claims to be awaiting data on the proportion of fake accounts on the social media platform. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM This pause in the acquisition is likely to cause frustrations for many people in the company In the wake of Musk's tweet, the share price of twitter has fallen by almost 15%. Musk Tweeted “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM This pause in the acquisition is likely to cause frustrations for many people in the company, especially given that many executives have been laid off already during company restructuring. The question lies in when the deal will be back on the table. TWTR Price Chart Sources: finance.yahoo.com

Tesla stock has always been more volatile than the stock market. It closed the Thursday session on the lowest level since last August, and it is a common question, what is the next turn for the leading EV producer. For now, it looks like the downside impulse is not over yet but did its main part. Musk’s deal with Twitter The list of variables in this stock ranks from the outlook for demand for electric cars (i.e., oil prices) and interest in the ESG agenda, including the economic outlook and monetary policy, and ends with the tone of the tweets of its founder, Elon Musk. But in recent days, it has also been affected by Musk’s deal with Twitter, where Tesla shares were used as collateral. For investors, the latest news of Musk’s potential break-up of the agreement to buy the social network is good news. The opposite is also true. The promotion of the deal has caused Tesla shares to sell off with acceleration in the market. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Locally, buyers are eyeing current levels to purchase Tesla Shares in the leading electric car maker are now trading 38% below their peaks at the start of April and 43% below their all-time highs in November last year. The company’s shares are looking better than many other pandemic favourites, which have zeroed in on all and much of the gains from the March 2020 lows, while Tesla has become about ten times more expensive in that time. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Locally, buyers are eyeing current levels to purchase Tesla, which is aggressively ramping up production and is well ahead of other electric car makers in sales in an era of record fuel prices. On the one hand, the technical analysis points to a return of the stock from oversold territory, which could be followed by both a recovery bounce and the start of a new wave of growth that could return the price to levels above $1000 in just a few weeks. On the other hand, the share price may not face much of an obstacle moving down another 10% from current levels, regaining half of the pandemic rally to levels near $650, where it has traded repeatedly since December 2020.

Summary: Tesla gets kicked off the S&P 500 ESG index. Tesla's stock price has also seen major volatility in the past week, with rising investor concerns around the removal from the S&P 500 ESG index On Wednesday, the Electric Vehicle company Tesla, founded by the world's richest man, Elon Musk was dropped from the S&P 500 ESG index. The index moved to remove Musk amidst claims of social discrimination and crashes due to the autopilot vehicles. Shortly after Tesla was removed, Musk took to twitter and tweeted that “ESG is a scam”. There are other factors that lead to the removal of Tesla, such as a lack of publishing details regarding low energy or business conduct codes. Tesla's stock price has also seen major volatility in the past week, with rising investor concerns around the removal from the S&P 500 ESG index, Musks on-and-off Twitter deal and the CEOs political tweets regarding the Republican and Democratic parties in the U.S TSLA Price Chart Read next: (TGT) Target Delivers Disappointing Earnings Results To The Market  Sources: finance.yahoo.com, economictimes.indiatimes.com

Summary: Nvidia stock price falling. Thursday's premarket trade saw a more than 5% decline in Nvidia stock. Nvidia (NVDA) SEC filing In a filing with the Securities and Exchange commission on Wednesday, chip giant Nvidia (NVDA) informed investors that the U.S. government has imposed additional licensing requirements on several of its sophisticated products. Unless Nvidia obtains a license to sell quickly, this will have an impact on sales to Russia and China. Part of the submission stated that according to the government, "the new licensing requirement will address the possibility that the covered products may be utilized in, or diverted to, a 'military end use' or 'military end user' in China and Russia." Although Nvidia noted that it doesn't conduct business with Russia, $400 million in third-quarter sales to China may be at risk. Currently, $5.9 billion in third-quarter sales are anticipated for the corporation by Wall Street. In a new SEC filing on Thursday, Nvidia stated that the government had approved some chip development as well as chip sales through Hong Kong till September 2023. Investors will continue to have reservations about Chinese chip sales for the overall sector in the upcoming months. Thursday's premarket trade saw a more than 5% decline in Nvidia stock. Since the recent SEC filing, shares have somewhat recovered their losses. The price of Tesla (TSLA) stock fell 1% in premarket trades as well. Nvidia hardware was used by some older Tesla models, although Tesla seems to have stopped using Nvidia as a chip hardware supplier recently. After being contacted for comment regarding any Nvidia goods used, Tesla didn't react right away. NVDA Price Chart Sources: finance.yahoo.com, barrons.com

The US dollar bounced lower, yesterday, following the weak economic data in the US, which showed that the new home slowed, and business contracted. The ugly PMI data also hammered the mood among the European stock traders, as well. The DAX already gave back half of summer gains. But, situation in the British FTSE 100 is different, as the FTSE 100 has a solid exposure to energy and mining stocks, and having exposure to energy stocks is still one of the most interesting hedging options. Crude Oil Price Speaking of oil, oil stocks were boosted again yesterday, by firmer oil prices after crude rebounded past the $93 level on news that OPEC could cut production as they feel that the prices fell too much over the past two months. Also, the latest API data came to support the oil and oil stock bulls, as the latest figures suggested another bigger-than-expected decline in the US oil inventories. We can now say that there are signs of a positive momentum building among the oil bulls despite the recession woes. The rebound in oil prices, along with the surge in nat gas futures could have two effects depending on the market’s actual mood. In one hand, the higher energy prices dampen the economic activity, and therefore could revive the Fed doves. But on the other hand, the rebound in energy prices boost inflation and inflation expectations, and therefore could keep the Fed hawks alert. Which scenario is more likely to influence the market pricing?   Watch the full episode to find out more! 0:00 Intro 0:34 Stocks under pressure as weak data couldn’t revive Fed hawks 1:38 DAX gave back half of summer gains on deepening energy crisis 3:22 But FTSE remains a good hedge against soaring energy 5:20 What does rebound in oil means for market pricing? 6:17 Hedge funds increase bets against S&P500 companies 7:44 Tesla’s 3-for-1 stock split is about to happen! 8:15 Twitter down 7% on whistle-blower complaint 8.57 What we will be watching today? Ipek Ozkardeskaya Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #market #selloff #Fed #JacksonHole #USD #EUR #DAX #FTSE #enegry #crisis #inflation #USD #EUR #crude #oil #natgas #energy #stocks #XOM #Chevron #BP #Tesla #stocksplit #Twitter #ElonMusk #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary ___ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr ___ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 ___ Let's stay connected: LinkedIn: https://swq.ch/cH

Summary:  Today we look at another choppy US equity market session, with a fresh rally attempt in late trading on far better than expected Netflix results and guidance. That rally is unlikely to persist as long as US treasury yields continue to set new highs for the cycle, as they did briefly this morning. The very weak JPY and fresh CNH weakness are key topics in FX as we also look at the key earnings coming up on our radar, especially Tesla. This and much more on today's pod, which features Peter Garnry on equities and John J. Hardy hosting and on FX. Listen to today’s podcast - slides are found via the link. Follow Saxo Market Call on your favorite podcast app: Apple  Spotify PodBean Sticher If you are not able to find the podcast on your favourite podcast app when searching for Saxo Market Call, please drop us an email at marketcall@saxobank.com and we'll look into it.   Questions and comments, please! We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show's content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com. Source: https://www.home.saxo/content/articles/podcast/podcast-oct-19-2022-19102022

Summary: Concerns that inflation & logistic difficulties may have slowed the EV manufacturer's development. Tesla fell short of automotive gross margin estimates. Tesla share prices down Tesla Inc. shares dropped by roughly 5% in pre-bell trading on Thursday as Wall Street analysts worried that growing inflation and logistical difficulties may have slowed the electric vehicle manufacturer's development. At least five brokerages reduced their price targets for the stock, with Wedbush Securities making the greatest reduction of $60 to lower its goal to $300 and citing softer deliveries in 2022. "The bullish narrative is clearly hitting a rough patch as Tesla must now prove again to the Street that the robust growth story is running into a myriad of logistics issues as opposed to demand softening," Wedbush analyst Daniel Ives wrote in a note. In premarket trade, the stock, which has lost 37% of its value this year, dropped 4.6% to $211.80. The company warned that difficulties it was having with logistics could prevent it from meeting its goal of a 50% increase in delivery volume this year in its quarterly results report. Elon Musk, the CEO of Tesla, acknowledged that "demand is slightly harder" than it would otherwise be on a post-earnings call, but he reiterated that the business was quite optimistic in having a record fourth quarter. Tesla fell short of automotive gross margin estimates despite increased selling prices for its vehicles due to manufacturing ramp-up costs at its new factories in Austin, Texas, and Berlin, Germany. However, other analysts believe Tesla will benefit greatly from the global transition toward electric automobiles. Elon Musk, Tesla's CEO, noted that demand was high while discussing the company's third-quarter profits. He did, however, issue a warning that deflationary tendencies in the economy were intensifying and that China and Europe were going through "a form of recession." TSLA Price Chart Sources: finance.yahoo.com, ft.com

Summary: TSLA stock's six-month fall is sitting around 37.8%. Tesla is lowering the starting price of its Model 3 and Model Y, in China. China, the world's largest EV market, is still constrained by Beijing's "zero COvid" policy. Tesla car model price lowering For the first time this year, Tesla is lowering the starting price of its Model 3 and Model Y cars in China. After lowering pricing for the first time this year for cars built in China, Tesla (TSLA) shares continued to fall on Monday, indicating waning demand in the largest market in the world. Just days after its third quarter earnings report echoed the impact of rising production costs and showed narrowing profit margins for the most valuable automaker in the world, Tesla reduced the starting price of its Model 3 sedan by about 5.3% and cut the cost of its Model Y by 9%. Tesla has been increasing the costs of its American-made cars for much of the year. Tesla reported that due to an increase in input prices and expenses associated with the start-up of new plants in Austin and Berlin, gross automotive margins were 27.9%, a 600 basis point decrease from last year and unchanged from the amount achieved over the second quarter. The company also warned that as it "simplifies operations, reduces costs, and improves the experience of our consumers," full-year deliveries "may fall slightly short of its 50% growth target." In pre-market trading, Tesla shares were marked 3.5% lower to reflect an opening bell price of $207 per share, bringing the stock's six-month fall to about 37.8%. Following record quarterly sales of 343,830 vehicles, Tesla stated last week that revenues increased 56% from the previous year to $21.45 billion, falling short of analysts' expectations of a $21.96 billion total. Demand is anticipated to decline over the course of the year as countries in Europe and North America hold off on major purchases due to recession fears and the continued rise in energy prices, while China, the world's largest EV market, is still constrained by Beijing's "zero COvid" policy. TSLA Price Chart Sources: finance.yahoo.com, thestreet.com

Summary: Credit Suisse is essentially dismantling the investment bank. EV with self-driving capabilities was involved in many accidents. Musk has until October 28 to complete his $44 billion acquisition of TWTR. Credit Suisse to restructure Credit Suisse Group AG announced a restructure that will result in a multibillion dollar capital raising, thousands of job cutbacks, and the separation of the investment bank, taking the most drastic moves yet to restore the firm. According to a statement released on Thursday, the company intends to raise 4 billion francs ($4.1 billion) by selling shares to investors, including the Saudi National Bank, and through a rights issue. By splitting up the advice and capital markets businesses and selling the majority of its SPG business to Apollo Global Management Inc. and Pacific Investment Management Co., it is essentially dismantling the investment bank. After a string of significant losses and managerial upheaval destroyed Credit Suisse's reputation as one of the most respected institutions in Europe, the makeover is an urgent effort to rebuild trust. Ulrich Koerner, the bank's chief executive officer, and Chairman Axel Lehmann, who were appointed as crisis managers, now have the difficult task of carrying out the largest restructuring in the bank's recent history while attempting to safeguard the wealth management division that will determine its future. Credit Suisse seeks billions from investors in make-or-break overhaul https://t.co/MSy4Q4h7fT pic.twitter.com/e9mg3eUByl — Reuters Business (@ReutersBiz) October 27, 2022 TSLA under criminal investigation The National Highway Traffic Safety Administration (NHTSA) released its initial wave of data on car crashes involving vehicles with autonomous driving systems in June of last year as part of its attempts to increase traffic safety while still encouraging innovation. It came out that a very well-liked electric car with self-driving capabilities was involved in a lot more accidents than was previously thought. Ten months of data were covered in the June report. It showed that when employing fully autonomous capabilities like Tesla's Autopilot, ADAS-equipped vehicles crashed 392 times, with Tesla vehicles accounting for 273 of those collisions. It represents around 70% of the cases. Given this context, it was logical but yet surprising to learn that the Department of Justice is looking into Tesla as part of a criminal investigation. The revelation that the Department of Justice is looking into Tesla as part of a criminal probe made sense given this backdrop, but it was nonetheless unexpected. The Justice Department is looking into possible customer misinformation regarding the functionality and security of the self-driving feature. For the mere reason that Tesla emphasizes in its own materials that the cars are not yet capable of completely autonomous driving, it might be challenging to make any form of claim against the company over excessive promises. Tesla is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves, three people familiar with the matter said https://t.co/HQh5rvn54u pic.twitter.com/oGo5ZKtWqT — Reuters Business (@ReutersBiz) October 27, 2022 Musk to acquire TWTR by October 28th According to the website of the New York Stock Exchange, trading in Twitter Inc. (TWTR) shares will be paused on Friday because entrepreneur Elon Musk has until October 28 to complete his $44 billion acquisition of the social media platform. Musk, the richest man in the world, visited Twitter's San Francisco offices on Wednesday and implied that he was the company's top executive by changing his profile bio to "Chief Twit." Reuters stated on Tuesday that Musk's attorneys had provided the necessary documentation for the finance pledge to equity investors Sequoia Capital, Binance, Qatar Investment Authority, and others. The closing of the transaction would put an end to Twitter's litigation. Twitter, together with the investors, now anticipate that the transaction will close at the agreed-upon price of $54.20 per share. On Wednesday, the NYSE saw the company's stock close at $53.35 per share. They were trading slightly below Musk's offer price in extended trading, up nearly 1% at $53.90. *TWITTER WILL BE DELISTED FROM THE NYSE ON FRIDAY AFTER MUSK COMPLETES DEAL$TWTR pic.twitter.com/jasBHEMrJp — Investing.com (@Investingcom) October 27, 2022 Sources: twitter.com, investing.com, reuters.com, finance.yahoo.com, thestreet.com

Summary: The Fed may think about delaying the rate of rate rises at its next meeting. Shareholders claim that Tesla has benefited its co-founder and CEO at their expense. U.S. stocks just experienced their greatest week since June. Fed is still committed to decreasing inflation Federal Reserve Governor Christopher Waller said on Sunday that the U.S. Federal Reserve may think about delaying the rate of rate rises at its next meeting, but it should not be seen as a "softening" in its commitment to decrease inflation. Waller responded to a series of questions on monetary policy at an economic conference hosted by UBS in Australia by stating that markets should now focus on the "endpoint" of rate increases rather than the speed at which each move is made. Waller also noted that the endpoint is likely still "a ways off." Inflation is a factor. Waller stated that even if the Fed stepped back from three quarter point hikes to a half point rise at its next meeting, "you're still moving up," adding that the 7.7% annualized increase in inflation recorded in October is still "enormous." This year, starting in March, the Fed increased interest rates a total of 3.75 percentage points, including four three-quarter point increases. This swift change in monetary policy was done to combat the greatest inflationary spike since the 1980s. Analysts and economists have cautioned that the tightening of monetary policy will increase the probability of a recession and have an effect on employment. Sherrod Brown, chair of the U.S. Senate Banking Committee, cautioned the Federal Reserve this month against tightening monetary policy to the point where millions of Americans who are already experiencing high inflation lose their jobs. *FED MAY CUT SIZE OF RATE HIKES, BUT IS NOT 'SOFTENING' INFLATION FIGHT, WALLER WARNS - https://t.co/DtihB5nu6C pic.twitter.com/SMZnAaH5Bt — Investing.com (@Investingcom) November 14, 2022 Musk is scheduled to testify this week In a lawsuit filed by shareholders who claim the electric vehicle manufacturer has benefited its co-founder and CEO at their expense, Elon Musk will attempt to demonstrate his merit for a multibillion dollar pay deal from Tesla. The richest man in the world is scheduled to testify this week in a trial that starts on Monday. He, Tesla, and members of its board are accused of violating their obligations by giving Musk share options with a maximum value of about $56 billion. Only a few weeks have passed since the 51-year-old took over Twitter, adding it to an ever-growing list of companies that he is at least nominally in charge of, including Tesla, SpaceX, Neuralink, and The Boring Company. Tesla shareholders concerned around Musks availability Musk's expanding portfolio, according to the attorneys representing the Tesla investors who filed the complaint, means he is too busy to serve as the automaker's chief executive on a full-time basis, let alone one deserving of a salary that "dwarfs the pay package of any other public company CEO." The case was started before Musk's $44 billion purchase of Twitter. However, the case will be keenly followed by firms all over the US, who are concerned that a victory for Tesla shareholders may spark a wave of similar lawsuits in Delaware, where the majority of the nation's public corporations are incorporated. Legal fight over Elon Musk’s $56bn Tesla pay deal heads to court https://t.co/ruh3wuXRhS — Financial Times (@FT) November 14, 2022 US stock market rally U.S. stocks just experienced their greatest week since June, and whether Wall Street can continue its winning streak in the coming days will likely depend on news from the retail industry. Investor optimism that a monetary policy shift is imminent was revived by statistics on lower inflation, but important earnings from retailers and the government's October report on the industry may put that optimism to the test. The major averages had significant gains as a result of bets that Federal Reserve officials would dial back on interest rate increases after the Consumer Price Index (CPI) for October indicated slowing inflation last month. The Dow Jones Industrial Average increased 4.2%, while the S&P 500 gained 5.9% for the week, its highest five-day performance since the week ending June 24. With a gain of 8.1%, the Nasdaq Composite experienced its best week since March. Stock market rally meets retail sales and retail earnings: What to know this week https://t.co/FbBltmPj4j by @alexandraandnyc — Yahoo Finance (@YahooFinance) November 14, 2022 Sources: finance.yahoo.com, ft.com, investing.com, twitter.com

Tesla CEO Elon Musk has reportedly sold $3.6 billion worth of TSLA stock. Elon Musk's selling caused Tesla stock to decline in price this week in contrast to the NASDAQ. TSLA shares have fallen 11% in the past five sessions against the NASDAQ's 2% gain. Tesla stock is near support at $154 but could drop to $128.50. Tesla (TSLA) continues its December slide on Thursday a day after it was revealed that CEO Elon Musk has sold out $3.6 billion worth of shares. The news makes the past week's TSLA price action more sensible as observant traders wondered aloud why Tesla kept selling off despite the NASDAQ climbing higher. Tesla stock is down around 2% in Thursday's premarket, even reaching below long-term support at $154. Tesla stock news: Elon Musk sells 20 million shares In the three sessions between Monday, December 12, and Wednesday, December 14, Elon Musk sold about 20.2 million shares of Tesla stock. These sales ranged from a high of $176.70 to a low of $156.14. Musk began the week with 443.8 million shares of TSLA and ended Wednesday with 423.6 million shares. Altogether these sales brought in about $3.58 billion in cash. Elon Musk has sold a total of about $40 billion worth of Tesla stock in the last year, most of which went to fund his takeover of Twitter. This selling has resulted in TSLA stock losing 11% over the past five sessions compared with a 2% gain for the NASDAQ. Tesla has lost 17% over the past month and now 61% for the full year. "It doesn't put a lot of confidence in the business, or speak volumes for where his attention is at," wrote Tony Sycamore, an analyst at IG Markets. This stock performance is beginning to leave bulls with anxiety. Tesla stock has been suffering from Musk's focus on Twitter for months now. Since fully taking over the social media platform six weeks ago, Musk's constant flurry of shockingly partisan political tweets have made some analysts lose faith in his leadership abilities. Recently, he tweeted: "My pronouns are prosecuted/Fauci", in reference to the main covid advisor during the Trump and Biden administrations. Noted long-time Tesla bull Dan Ives of Wedbush Securities was quite blunt on the matter of Musk's activity: "The Twitter nightmare continues as Musk uses Tesla as his own ATM machine to keep funding the red ink at Twitter[,] which gets worse by the day as more advertisers flee the platform with controversy increasing driven by Musk." RBC Capital Markets cut its price target early Thursday from $325 to $225, saying that the market was slowly getting its head around the reduction in gross profit margins. Morgan Stanely is also rather melancholy about the electric vehicle industry of late. The storied investment bank cut its global EV share estimate to 11.8% for 2023 compared to 10.1% in 2022. Its estimates going out to 2050 were trimmed as well. The bank noted that Lucid Group (LCID) has been receiving lower reservations and cancellations and that Rivian Automotive (RIVN) has halted reporting reservations entirely. "We are preparing for a challenging FY23 outlook for auto earnings on demand decline (higher rates), deflation (lower price/mix) and unfavorable changes in the supply/demand balance for EVs," wrote Morgan Stanely analyst Adam Jonas in a note to clients earlier this week. Tesla stock forecast: If $154 cannot hold, then $128.50 is next Tesla stock fell below the $154 support level in Thursday's premarket, which is probably a bad omen for bulls. The $154 level served as resistance back during August and October 2020, and the hope was that it would reemerge as support. The next available historical support price available to cushion a further fall is all the way down at $128.50. This one comes from the level that saw support during that same period in the second half of 2020. Additionally, a year-old descending trendline that goes back to December 2021 leads the TSLA share price toward this $128.50 level. TSLA 1-week stock chart

DAILY MARKET NEWSLETTER December 22, 2022               Pre-Market Session News Sentiment Technical Views           EUR/USD   Euro Stoxx 50 (Eurex)   Brent (ICE)                 Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.                     Price Movement Analyst Views Target Pivot   Dax (Eurex) 14,191.00 +32.00 (+0.23%) Read the analysis 14,220.00 14,080.00     FTSE 100 (ICE Europe) 0.00 0.00 (0.00%) Read the analysis 7,555.00 7,430.00     S&P 500 (CME) 3,917.50 +11.75 (+0.30%) Read the analysis 3,930.00 3,884.00     Nasdaq 100 (CME) 11,373.75 +39.25 (+0.35%) Read the analysis 11,400.00 11,280.00     Dow Jones (CME) 33,645.00 +76.00 (+0.23%) Read the analysis 33,780.00 33,330.00     Crude Oil (WTI) 78.74 +0.45 (+0.57%) Read the analysis 79.50 77.50     Gold 1,818.84 +4.45 (+0.25%) Read the analysis 1,824.00 1,810.00                     MARKET WRAP           Market Wrap: Stocks, Bonds, CommoditiesOn Wednesday, U.S. stocks closed over 1% higher. The Dow Jones Industrial Average rose 526 points (+1.60%) to 33,376, the S&P 500 gained 56 points (+1.49%) to 3,878, and the Nasdaq 100 rebounded 163 points (+1.48%) to 11,235.Regarding U.S. economic data, the Conference Board consumer confidence index unexpectedly rose to 108.3 in December (vs 100.1 expected). The number of existing home sales dropped to an annualized rate of 4.09 million units in November (vs 4.30 million units expected).The U.S. 10-year Treasury yield eased 1.3 basis points to 3.669%.Consumer durables & apparel (+7.18%), semiconductors (+2.52%), and commercial & professional services (+2.06%) sectors led the market higher.Nike (NKE) jumped 12.18% and Fedex (FDX) rose 3.43%, as both companies' quarterly earnings exceeded expectations.From a technical point of view, 3M (MMM) and Verizon Communications (VZ) crossed above their 50-day moving average.European stocks also closed higher. The DAX 40 rose 1.54%, the CAC 40 increased 2.01%, and the FTSE 100 was up 1.72%.U.S. WTI crude futures climbed $2.20 (+2.88%) to $78.47 a barrel. The U.S. Energy Department reported a reduction of 5.89 million barrels in crude-oil stockpiles (vs -1.65 million barrels expected).Gold price declined $3 to $1,814 an ounce.Market Wrap: ForexThe U.S. dollar index held steady at 104.21.USD/JPY gained 66 pips to 132.39.EUR/USD dipped 14 pips to 1.0610. In Germany, the GfK consumer confidence index improved to -37.8 for January (vs -36.0 expected).GBP/USD dropped 100 pips to 1.2083. U.K. data showed that public-sector net borrowing rose to a record of 21.2 billion pounds in November from 13.4 billion pounds in October. AUD/USD added 34 pips to 0.6712.USD/CHF added 8 pips to 0.9268, while USD/CAD dipped 5 pips to 1.3606.Bitcoin traded slightly lower to $16,790.Morning TradingIn Asian trading hours, USD/JPY retreated to 131.75 from 132.39 in the prior session.Meanwhile, EUR/USD bounced to 1.0635 and GBP/USD rebounded to 1.2125.Gold advanced $1,819.Bitcoin edged up to $16,850.Expected TodayU.K. final readings of third quarter gross domestic product is expected to be up 2.4% on year, while current account deficit is estimated at 18 billion pounds.In the U.S., final readings of third quarter annualized gross domestic product is estimated to be up 2.9% on quarter, while weekly initial jobless claims are expected at 225,000. Also, November Chicago Fed national activity index is anticipated at -0.18 and leading index is expected to drop 0.5% on month.           UK MARKET NEWS           Shell, a giant oil producer, has temporarily suspended production at its Prelude floating liquefied natural gas site in Australia following a small fire incident, according to Reuters.Basic Resources, banks and oil & gas shares gained most in London on Tuesday.From a relative strength vs FTSE 100 point of view, Barclays (+1.5% to 158.08p) crossed under its 50-day moving average.From a technical point of view, Ashtead Group (+1.5% to 4797p), BAT (+1.18% to 3353.5p), BP (+2.68% to 480p), Diageo (+1.75% to 3693p) crossed above their 50-day moving average.           ECONOMIC CALENDAR           Time Event Forecast Importance   02:00 Current Account (Q3) -18B MEDIUM     02:00 GDP Growth Rate YoY Final (Q3) 2.4% MEDIUM     02:00 GDP Growth Rate QoQ Final (Q3) -0.2% MEDIUM     08:30 Initial Jobless Claims (Dec/17) 225k MEDIUM     08:30 Chicago Fed National Activity Index (Nov) -0.18 MEDIUM     08:30 GDP Price Index QoQ Final (Q3) 4.3% MEDIUM     08:30 GDP Growth Rate QoQ Final (Q3) 2.9% MEDIUM                                     NEWS SENTIMENT           AstraZeneca PLC AZN : LSE 11,244.00 GBp -1.02% In the last 5 days         NEWS SENTIMENT (24H) Neutral       TECHNICAL SCORE Short-Term Medium-Term Long-Term                                   Uniper SE UN01 : XETRA 3.086 EUR +3.14% In the last 5 days         NEWS SENTIMENT (24H) Very Positive       TECHNICAL SCORE Short-Term Medium-Term Long-Term                                   BHP Group PLC BHP : LSE 2,585.00 GBp +2.42% In the last 5 days         NEWS SENTIMENT (24H) Neutral       TECHNICAL SCORE Short-Term Medium-Term Long-Term                                   Cineworld Group PLC CINE : LSE 3.96 GBp -12.97% In the last 5 days         NEWS SENTIMENT (24H) Negative       TECHNICAL SCORE Short-Term Medium-Term Long-Term                                   Bayerische Motoren Werke AG BMW : XETRA 84.15 EUR +1.63% In the last 5 days         NEWS SENTIMENT (24H) Neutral       TECHNICAL SCORE Short-Term Medium-Term Long-Term                                   HSBC Holdings PLC HSBA : LSE 511.30 GBp +3.79% In the last 5 days         NEWS SENTIMENT (24H) Very Negative       TECHNICAL SCORE Short-Term Medium-Term Long-Term                           TECHNICAL VIEWS           EUR/USD Intraday: further advance.   Pivot: 1.0620   Our preference: Long positions above 1.0620 with targets at 1.0660 & 1.0680 in extension.   Alternative scenario: Below 1.0620 look for further downside with 1.0590 & 1.0575 as targets.   Comment: The RSI is bullish and calls for further advance.                     Euro Stoxx 50 (Eurex)‎ (H3)‎ Intraday: bullish bias above 3825.00.   Pivot: 3825.00   Our preference: Long positions above 3825.00 with targets at 3930.00 & 3990.00 in extension.   Alternative scenario: Below 3825.00 look for further downside with 3767.00 & 3739.00 as targets.   Comment: The RSI calls for a new upleg.                     Brent (ICE)‎ (G3)‎ Intraday: towards 84.00.   Pivot: 81.40   Our preference: Long positions above 81.40 with targets at 83.10 & 84.00 in extension.   Alternative scenario: Below 81.40 look for further downside with 80.80 & 80.10 as targets.   Comment: The RSI calls for a new upleg.        

DAILY MARKET NEWSLETTER December 23, 2022               Pre-Market Session News Sentiment Technical Views           EUR/USD   Euro Stoxx 50 (Eurex)   Brent (ICE)                 Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.                     Price Movement Analyst Views Target Pivot   Dax (Eurex) 14,044.00 +88.00 (+0.63%) Read the analysis 13,850.00 14,080.00     FTSE 100 (ICE Europe) 0.00 0.00 (0.00%) Read the analysis 7,420.00 7,500.00     S&P 500 (CME) 3,856.00 +6.75 (+0.18%) Read the analysis 3,815.00 3,870.00     Nasdaq 100 (CME) 11,066.75 +12.50 (+0.11%) Read the analysis 10,950.00 11,185.00     Dow Jones (CME) 33,260.00 +52.00 (+0.16%) Read the analysis 32,950.00 33,330.00     Crude Oil (WTI) 78.27 +0.78 (+1.01%) Read the analysis 77.60 79.20     Gold 1,794.18 +1.662 (+0.09%) Read the analysis 1,803.00 1,783.00                     MARKET WRAP           Market Wrap: Stocks, Bonds, CommoditiesOn Thursday, U.S. stocks tumbled again. The Dow Jones Industrial Average slid 348 points (-1.05%) to 33,027, the S&P 500 fell 55 points (-1.44%) to 3,822, and the Nasdaq 100 slumped 279 points (-2.49%) to 10,956.Regarding U.S. economic data, third-quarter gross domestic product growth was finalized at an annualized rate of 3.2% on quarter (vs +2.9% in the previous estimate). The latest number of initial jobless claims rose to 216,000 (vs 225,000 expected).The U.S. 10-year Treasury yield added 2.2 basis points to 3.684%.Automobiles (-7.81%), semiconductors (-4.6%), and energy (-2.31%) sectors lost the most.Tesla (TSLA) slumped 8.88% after the electric-car maker offered a higher discount of $7,500 on Model 3 and Model Y vehicles in the U.S.Micron Technology (MU) fell 3.44%, as the memory-chip maker reported lower-than-expected quarterly earnings and announced plans to cut its workforce by about 10%.CarMax (KMX) declined 3.66% after the company posted an 86% drop in quarterly profit on weak demand for used cars.From a technical point of view, 3M (MMM), McDonald's (MCD), Microsoft (MSFT), and Walmart (WMT) crossed under their 50-day moving average.European stocks also closed lower. The DAX 40 fell 1.30%, the CAC 40 declined 0.95%, and the FTSE 100 was down 0.37%.U.S. WTI crude futures settled little changed at $78.26 a barrel.Gold price slid $21 to $1,792 an ounce.Market Wrap: ForexThe U.S. dollar index held steady at 104.40.EUR/USD fell 12 pips to 1.0593.USD/JPY dipped 7 pips to 132.39.GBP/USD declined 46 pips to 1.2036. U.K. data showed that third-quarter gross domestic product declined 0.3% on quarter (vs -0.2% in the previous estimate, +0.2% in the previous quarter).AUD/USD dropped 42 pips to 0.6665.USD/CHF gained 47 pips to 0.9314, and USD/CAD increased 33 pips to 1.3645.Bitcoin was flat at $16,785.Morning TradingIn Asian trading hours, USD/JPY climbed to 132.65. This morning, Japan's data showed that consumer prices increased 3.8% on year in November (vs +3.9% expected).Meanwhile, EUR/USD was broadly flat at 1.0605 and GBP/USD was little changed at 1.2035.Gold edged up to $1,795.Bitcoin rose to $16,824.Expected TodayFrance's producer prices index is estimated to be up 20.3% on year in November.In the U.S., durable goods orders are expected to drop 0.5% on month in November, while personal spending and income are both anticipated to grow 0.3%. Also, November new home sales are estimated to be down 5.0% on month and final readings of December Michigan consumer sentiment index is expected at 59.1.           UK MARKET NEWS           Retail, basic resources and insurance shares gained most in London on Wednesday.From a technical point of view, Ashtead Group (-1.5% to 4725p), Diageo (-0.81% to 3663p) crossed under their 50-day moving average.           ECONOMIC CALENDAR           Time Event Forecast Importance   08:00 Building Permits Final (Nov) 1.342M MEDIUM     08:30 Personal Income MoM (Nov) 0.3% HIGH     08:30 Personal Spending MoM (Nov) 0.3% HIGH     08:30 Durable Goods Orders MoM (Nov) -0.5% HIGH     08:30 PCE Price Index YoY (Nov) 5.5% MEDIUM     08:30 PCE Price Index MoM (Nov) 0.2% MEDIUM     08:30 Durable Goods Orders Ex Transp MoM (Nov) 0.1% MEDIUM     10:00 Michigan Consumer Sentiment Final (Dec) 59.1 MEDIUM     10:00 New Home Sales MoM (Nov) -5% MEDIUM     10:00 New Home Sales (Nov) 610k MEDIUM     13:00 Baker Hughes Total Rig Count (Dec/23)   HIGH                                     NEWS SENTIMENT           BHP Group PLC BHP : LSE 2,537.50 GBp +1.30% In the last 5 days         NEWS SENTIMENT (24H) Very Negative       TECHNICAL SCORE Short-Term Medium-Term Long-Term                                   Uniper SE UN01 : XETRA 2.916 EUR +1.18% In the last 5 days         NEWS SENTIMENT (24H) Very Positive       TECHNICAL SCORE Short-Term Medium-Term Long-Term                                   Volkswagen AG VOW : XETRA 145.85 EUR -14.26% In the last 5 days         NEWS SENTIMENT (24H) Positive       TECHNICAL SCORE Short-Term Medium-Term Long-Term                                   Deutsche Bank AG DBK : XETRA 10.636 EUR +7.38% In the last 5 days         NEWS SENTIMENT (24H) Positive       TECHNICAL SCORE Short-Term Medium-Term Long-Term                                   SIG PLC SHI : LSE 29.50 GBp +2.25% In the last 5 days         NEWS SENTIMENT (24H) Very Negative       TECHNICAL SCORE Short-Term Medium-Term Long-Term                                   BioNTech SE BNTX : NASDAQ 179.88 USD +2.64% In the last 5 days         NEWS SENTIMENT (24H) Negative       TECHNICAL SCORE Short-Term Medium-Term Long-Term                           TECHNICAL VIEWS           EUR/USD Intraday: intraday support around 1.0570.   Pivot: 1.0570   Our preference: Long positions above 1.0570 with targets at 1.0635 & 1.0655 in extension.   Alternative scenario: Below 1.0570 look for further downside with 1.0550 & 1.0530 as targets.   Comment: The RSI is mixed to bullish.                     Euro Stoxx 50 (Eurex)‎ (H3)‎ Intraday: turning down.   Pivot: 3850.00   Our preference: Short positions below 3850.00 with targets at 3800.00 & 3760.00 in extension.   Alternative scenario: Above 3850.00 look for further upside with 3895.00 & 3930.00 as targets.   Comment: The RSI is below its neutrality area at 50%                     Brent (ICE)‎ (G3)‎ Intraday: 79.60 expected.   Pivot: 83.00   Our preference: Short positions below 83.00 with targets at 80.65 & 79.60 in extension.   Alternative scenario: Above 83.00 look for further upside with 83.80 & 84.70 as targets.   Comment: As long as the resistance at 83.00 is not surpassed, the risk of the break below 80.65 remains high.        

US stocks were unable to hold onto earlier gains as restrictive policy and recession fears remained front and center for investors. Discount buying triggered another bear market rebound that didn’t last long at all. It is too early to start betting on a Fed pivot this year and that should make this a difficult environment for stocks. China China’s reopening and bets that PBOC will cut rates in the first half of the year should help keep Chinese stocks supported. ​ After a couple of bad years, Wall Street is wondering if Chinese stocks could outperform if their Covid reopening continues without any major disruptions. ​ China still has to deal with a struggling property market, but hopefully, it will show signs of improving on more support measures. Tesla Demand woes are killing Tesla shares. ​ The fourth quarter update was very disappointing as they are struggling to deliver cars. ​ Tesla is battling rising competition, a weakening consumer, and lower gas prices. ​ Tesla might be a long-term hold for many investors, but right now it seems the path of least resistance is lower for Tesla’s stock price. Bitcoin Happy Birthday, Bitcoin! It should come as no surprise that this teenager of an asset class has constant mood swings. ​ Much attention is going to Sam Bankman-Fried’s day in court which is expected to have him plead not guilty to an eight-count fraud and conspiracy indictment. Read next: 2023 Predictions: Peter Garnry - Our target for S&P 500 is still around the 3,200 level sometime during the year leading to an overall drawdown of around 33% from the peak in early 2022 | FXMAG.COM This is still a difficult time for crypto as everyone waits to see which will be the next crypto company to fail. ​ Regulation is taking its time but guidelines should start to take hold this year. ​ A top US regulator delivered a joint warning on crypto activities, which did not contain any new risks. ​ Bitcoin appears anchored but it is still not clear when we will test and possibly make a new bottom. This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

When Toyota CEO Akio Toyoda recently talked about a "silent majority"  in the auto industry questioning the wisdom of electric vehicles as a single option as the only way forward to a more sustainable future it was welcome recognition of a truth that needs to be recognised in an increasingly polarised debate. In the rush to move away from petrol and diesel vehicles automakers have been cajoled, browbeaten as well as strong armed by governments and lobbyists to plough resources into a technology that still has significant shortcomings some of which are already becoming apparent. The reality is that even with the best battery technology available it still takes magnitudes of time longer to recharge an electric vehicle than it does to refuel a vehicle using a liquid fuel source.  That's even before you consider the extra electricity grid capacity needed to be able to handle the extra drain and costs of charging an electric vehicle in a public space, in the absence of a home charging point. We've already seen the advent of surge pricing, during peak periods from Ubitricity, which is owned by Shell , the UK's largest public charge point operator, which makes it more expensive to run an electric car than it does a petrol-powered car, and that's if you can find an available charging point. Furthermore, with prices subject to 20% VAT, and a lack of charging point infrastructure outside city centre areas, an electric car remains a luxury for most people.   This perhaps explain why a lot of the froth has come out of the Tesla share price in recent months, putting to one side the distractions CEO Elon Musk is having to contend with when it comes to his acquisition of Twitter. While the concept of owning an electric car appears a straightforward one when it comes to emissions, the production of every single vehicle is very resource intensive, and with electricity prices now much higher than they were two years ago the economic case for owning one is less compelling. Read next: 2023 Predictions: Peter Garnry - Our target for S&P 500 is still around the 3,200 level sometime during the year leading to an overall drawdown of around 33% from the peak in early 2022 | FXMAG.COM Furthermore, the grid upgrades required to cope with the extra capacity as more people move to electric vehicles, will need huge levels of investment into power infrastructure. These upgrades to power grids will draw on the very same resources that are required to make electric cars. Quite simply there isn't an infinite supply of copper, cobalt, lithium, and all the other rare earth metals required which means other options need to be considered, when developing new power train technologies. These can be other hybrids including taking advantage of hydrogen, as well as other types of fuel cell technology. This will be Tesla's challenge moving forward, and while they have come a long way in the last few years, this year they easily passed the 1m mark for vehicle deliveries, they also offered some hefty discounts to shift their stock, in China, and now today in Germany, putting downward pressure on margins in the process.  The main automakers, the likes of Toyota, Volkswagen and Ford are now entering the fray with respect to electric vehicles, and with their greater resources and dealer networks they could well start to eat Tesla's lunch. Early mover advantage has certainly favoured Musk and the Tesla brand, the main automakers still sell millions of more product than Tesla does, albeit not of the EV variety, but that will still help when it comes to the transition process, as they merely need to retool existing capacity, as opposed to building new capacity.  Toyota sold 8.2m automobiles in its fiscal year 2022, 6.3m of which were outside Japan, while Ford sold 13.8m vehicles during the same year on revenues of $151.73bn. Tesla's annual revenues this year are projected to come in at $82bn, after it was reported that Q4 sales rose to a new record of 405,278, a 40% increase year on year, helped to some extent by Tesla having to cut prices during the quarter to help shift inventory. Total revenues for the year are expected to rise by more than 50% a year ago, however margins are likely to be lower. The dissipation of early mover advantage may have helped Tesla on the way up to the highs we saw in November 2021 above $400, and while the shares are now down at $120, Tesla still has a market cap of $390bn, which is more than the combined market cap of Ford, Toyota and VW combined. For comparison Ford has a market cap of $53bn, Toyota $233bn, and VW $80bn. Tesla may be cheaper than it was at its 2021 peak and may down over 60% in the last 12 months, but that doesn't mean it can't get cheaper. Tesla 2-year daily chart Source: CMC Markets Now that interest rates are no longer anchored close to zero where they have been for most of the last 15 years, valuations are now starting to come under greater scrutiny than they were two years ago now that interest rates are normalising. This normalisation means we have firmly moved from a TINA (There Is No Alternative) world, to a world where money now has a value, and is likely to mean a lot of companies are being held to a higher benchmark when it comes to their growth potential. For now, Tesla has managed to rebound from support at the recent lows at $100 and could extend this back towards $150 in the short to medium term, however the company will need to continue to deliver on both deliveries and margins if it is to justify its current valuation. With the increased competition expected to come from the bigger automakers in the coming months and years this looks a huge ask, which means we could well see further share price declines in the next 12 months.  For further comment from Michael Hewson, please call 0203 003 8905 or 07824 660632 Email: marketcomment@cmcmarkets.com Follow CMC Markets on Twitter: @cmcmarkets Follow Michael Hewson (Chief Market Analyst) on Twitter: @mhewson_CMC To stop receiving market commentary emails from Michael Hewson, please reply to this email with 'Unsubscribe' in the subject line. CMC Markets is an execution only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.