Friday, October 25, 2024

‘Wrapping’ Up Tesla’s Explosive Earnings — and What’s Next

And Fed Repo Levels?
 
   
     

‘Wrapping’ Up Tesla’s Explosive Earnings — and What’s Next
 
 
A silent problem that occasionally gets out of control is caused by the reverse repo facility and its liquidity. The repo facility is reaching the lowest comfortable levels, which might create liquidity problems similar to what we saw in March 2023 — or even 2008…

Come join me as we dive in and see what’s moving!

Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. 

 
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‘Wrapping’ Up Tesla’s Explosive Earnings — and What’s Next 

I have to share something exciting before diving into the markets — my Cybertruck just got a new wrap, and it’s a game-changer. 

Picture this: A gloss black finish that turns matte in the shade, with a deep, metallic navy blue underneath, giving it a full “Batmobile” vibe. 

See for yourself!

 
 
Even the crew that wrapped it said it was one of the coolest ones they’ve ever done. It’s a head-turner, and honestly, it makes driving a Cybertruck even more fun!

OK enough about me, let’s talk Tesla, and what could be next for the stock..

Tesla (TSLA) reported after the close Wednesday, and I’ve been keeping a close eye on this one, especially since I own shares. Going into the report, I was admittedly more bullish than bearish. 

We had more positive signals stacking up — between the Cybertruck excitement and new energy innovations — and the report didn’t disappoint.

Historically, Tesla can move sharply around earnings, which are largely unknown. 

About 71.7% of the time, Tesla drops after earnings, but that doesn’t mean it’s all downside. On average, when it pops, the move is significant — about 33.5% to the upside.
 
So while the odds of a pop are lower, at around 28%, the reward can be massive. 

We could be looking at a potential run to $350 on the first leg, and then a pullback and consolidation that could last a year or so… 

And I’ve had $500 in mind as a long-term target for Tesla. The charts are setting up well, so we could be in for a breakout soon.

Earnings are always a gamble, and you never know how things will shake out — but I’m staying long on Tesla — I personally own shares. 

For now, I’m strapped in for Tesla’s ride — both literally in my Cybertruck and figuratively with my shares — and we’ll see where things head in the next few days, months and years. 

Stay tuned because I think things are just getting started!


Today’s Daily Chart Setup: Churchill Downs (CHDN)  
 
 
This idea came directly from my Daily Chart Setup that automatically signals potential plays. 
CHDN is a new potential entry. Target: 143.72 Stop below: 129.1
CHDN has a historical win rate of 94.44%
CHDN has a profit factor of 21.489
CHDN trades last 111 trading days on average over 18 trades since 1993.

This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results.

You can find full details on exactly how this works by scrolling down further in this newsletter. 

Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube!

 
 
‘Morning Monster’ Is Starting NOW!
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Bitcoin’s 8-Day Profit Window Is HERE
 
 
I’m starting today’s live broadcast…

Where I’m going to discuss the “8-day Bitcoin Profit Window” that’s opening today, Oct.r 25.

If I’m right about where the market’s headed, this could be an EXPLOSIVE opportunity to ride the Bitcoin wave. 

Of course, I can’t promise wins or shield against losses… 

But with Trump’s vocal support of crypto… his election odds improving… and Bitcoin looking primed to finally break out past all-time highs… 

The stage is set for the “8-day Bitcoin Profit Window” to rally as it kicks off today. 

 
 
Join Me at 2 O’clock!
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How the Daily Chart Setup Works
 
 
Here’s a more detailed description of how the pattern triggers:
 
1. The price breaks upward through the orange Market Roadmap Line. 

2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 

3. Once it touches the line and starts moving back up, that signals an entry. 

I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!

You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places!
Jeffry Turnmire
Jeffry Turnmire Trading

I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday!

Please check out my channel and hit that Subscribe button!

I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.

I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. 


*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 
   
 

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