We have Bearish Divergence up here on both the RSI and MACD and if TSLA falls off a cliff we will see this thing come tanking down. I will be using this ETF as a cheaper alternative to get Monthly puts exposure on TSLA.
With the Micro Chip shortage and the ports being backed up, I think that we should get 1 more surge in price of CARZ due to the supple and demand imbalance. I made a purchase of 115 Share at 64.26 on Tuesday.
See my buy, wins and loses on our other Platforms
Manufacturing has been a red-hot sector lately, and the CARZ auto ETF has been a beneficiary of that boom. The latest manufacturing data out today show continued outperformance by this sector, which I suppose is why CARZ is up today:
Empire State index: 17
Price of imported industrial supplies: +3.6%
Manufacturing output: +1%
When you drill into the data,...
Motor Cars are obsolescent technology. They promised transport to any destination at any time of day or night. The present reality is gridlock, destinations inacessible, unsustainable road building, air pollution. E-cars are not the answer, but a new transport technology of capsules travelling in tubes, described at krunchiescab.blogspot.ie The Motor Industry will...
ElliottWave Ending Diagonal, ready to head lower. At least reasonable size IV wave should be under progress. In next larger degree not marked to the chart it is possible IV is missing for upside, but at least for several weeks if not a month this should be bearish sign for most car makers.
