Cathie Wood and Ark Invest remain bullish on Tesla $TSLA expecting the stock to hit $2,600 in five years, with 90% of its value coming from robotaxis
- Bloomberg
CTAs have now built the largest short position in Oil since 2014
Source: Barchart, The Daily Shot
Google Back on Key Level
Google (GOOGL) has consolidated 24% since its January high, but the long-term trend remains very bullish. The September retest of the major breakout level at 150 confirms this strong trend. Last week, we saw price action with a Hammer candle on the demand zone, signaling potential for a rebound. Source: Bloomberg
We have come along way...
Source: Out of Context Human Race @NoContextHumans
“The only real mistake is the one from which we learn nothing.” – Henry Ford
Source: Charlie Bilello @PeterMallouk
🎈 Happy Anniversary, Dot-Com Bubble.
On this day 25 years ago — March 24, 2000 — the S&P 500 hit a peak it wouldn’t revisit until 2007. Three days later, the Nasdaq 100 reached its final all-time high… for the next 15 years.
U.S. Earnings Revisions Index from @Citi has been negative for 13 consecutive weeks.
Source: Liz Ann Sonders, Bloomberg
LVMH Back on Demand Zone
In January, LVMH (MC FP) managed to break an important level, suggesting a shift in the trend. The stock is now back in the demand zone between 582-607, just above the major support zone between 535-573. Keep an eye on the price action in the next few days for potential opportunities. Source: Bloomberg
