Hubert Senters here.
To the biggest stock stories today is Amazon, first trillion dollar company. And then you’ve got Tesla gapping up and going through the cloud. Good things there on Wall Street according to the price action. So I’m going to recommend you do this in the same way we did Apple.
Leave it alone for today. Don’t mess with it. Mark the high and the low. If and when Tesla either trades above $347.44 get long with a stop at a around $336 and your target will be around. It’s going to be around $370 to $380. If and when the stock trades or closes below $323 right here, short it. Stop will be about the same, $335. Target will be half of the gap fill $314 and then $300.
I’m going to be doing a special STATE OF THE MARKET ADDRESS really what I’m going to do is I’m going to show you how to scan the markets to find the trades that are fine. I will be going through all the major futures markets.
I’m going to tell you which ones look good for longs which one looks good for shorts which ones you should avoid right now like the plague. And then we’re going to scan through a bunch of equities and find new trend trades on both the long side and the short side.
And then I will take Q&A and if you have symbols that you want me to look at I’ll be doing that too. In tonight’s webinar that’s going to happen Thursday, August 2nd at 7PM EST. The only caveat with this webinar is GotoWebinar only holds a thousand people and there are well over a thousand people register for this which means some people are not going to make the cut.
I’m going to open up the room about 10 to 15 minutes early. So if you’re really into this stuff show up early. It will kind of increase your odds of getting a seat. Once you do get in. Don’t log out because if you log back out somebody else will take your spot and you’ll be able get back in.
Good luck. Hope it helps. See you on the next video.
Hubert.
