Afternoon Note
I never, ever had a lover
Who put the pedal to the metal?
And burn rubber on me, Charlie
Oh, no, no, no
Burn Rubber on Me
Gap Band
It's been a good session that's lured would be sellers only to find would-be buyers. Of course, there is a fair amount of concern about this week's earnings and messaging from the Fed which isn't going to hike rates but some on the street think this is the money to signal they are ready to taper. How this happens when the Fed has clearly made Covid19 a key part of its decision-making.
Energy crushing it as it continues to toggle back and forth in a very narrow range.
Earnings parade
Tesla (TSLA) is first up in a week that sees the most influential companies. Elon Musk has seen his company’s shares move sideways for a while as the shares are down 6% for the year. But that doesn’t mean much unless you bought it on January 1st.
The stock is up 134% in the past year and +853% in the past three years.
Should you buy the stock ahead of the close? Well, the last five reports saw the stock down a week later, but less than 10% while the two times before then the shares took off like a rocket.
TSLA Stock Reaction |
One Week |
One Day |
Oct 2019 |
+23.7% |
+17.6% |
Jan 2020 |
+24.9% |
+10.3% |
Apr 2020 |
-2.1% |
-2.2% |
Jul 2020 |
-5.9% |
-5.1% |
Oct 2020 |
-3.7% |
+1.1% |
Jan 2021 |
-1.7% |
-3.9% |
Apr 2021 |
-6.8% |
-4.2% |
The stock is in a pennant formation that suggests a monster move is happening soon quite possibly from this evening's financial results.
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6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
6/25/2025 1:42 PM | Tech Stocks Power Nasdaq 100 |
6/25/2025 9:47 AM | CLIMBING MOUNTAINS OF WORRY |
6/24/2025 1:47 PM | Peace Rally |
6/24/2025 9:48 AM | PEACE THROUGH STRENGTH: THE MARKET LOVES IT |
6/23/2025 1:47 PM | Getting Some Resolve |
6/23/2025 9:51 AM | BRACING |
6/20/2025 1:29 PM | Second Triple Witching |
6/20/2025 9:38 AM | POWELL BLEW IT |
6/18/2025 12:41 PM | FED Day |
6/18/2025 9:45 AM | ROOM WITH A VIEW |
6/17/2025 1:26 PM | Tension Continues |
6/17/2025 9:50 AM | THE BIG TECH TEN & CO |
6/16/2025 1:34 PM | Fears Subside |
6/16/2025 9:44 AM | DRUMBEATS OF PEACE |
6/13/2025 1:30 PM | Showing Resilience |
6/13/2025 9:37 AM | THE NEW NUCLEAR AGE |
6/12/2025 1:27 PM | Interest Rates in Focus |
6/12/2025 9:35 AM | ENTER GEOPOLITICAL RISK |
6/11/2025 1:38 PM | Fed in Tough Spot |
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