First up today is an Intermediate Term Sell in the TSLA Daily chart, another reason to keep stops on profits at 50% trailing levels. Longer term there is no change in expectations of new all time highs (above $414.50), then $500, then $1,000, then Cybertruck, FSD and Robotaxis. It won't be a straight line, and these red arrow Sell Signals should be respected. The good news is that even if the Sell is wrong and TSLA goes straight up from around current levels, a blue Buy will not be far behind. Year-to-date, all of the huge call gains came under the influence of one or more of those Buys, so next up, a Buy Signal and a fresh slate of calls. Just not yet. TSLA Intermediate Term Trading Model This TSLA Sell Signal should lead to a stellar buying opportunity once post-earnings low is in place, somewhere between $250-220 during August-September. Less likely alternative is for TSLA to run higher from around these levels, cancelling out the new Sell and generating a new Buy, targeting well above $300-400 this fall. SPY A SPY close < $450.00 (any day) generates the following trade: Buy to Open: SPY Sep 15th $450P (currently: 5.39-5.40) SPY Target: Below 400 before Sep 15th expiration = SPY $450P > 50.00 Stop: Trailing 50% We are looking for a 5X to 10X win if this trade is triggered.
