Housekeeping: Updates and/or trade Alerts are sent out to Premium Service subscribers at 3:00 pm ET, an hour before the close of the session. They are posted on the website about 30 minutes earlier. Although I have been posting just about every day for the past week, such will not always be the case. Some days there will be nothing needed to be said or done. -------------------------------------------- Updated Price Projection TSLA keeps running, and running and running just like the energizer bunny. Time to update the Fibonacci price projection tool and see just where we are. TSLA Long Term: Fibonacci Extension Tool This chart is projecting a run near term to 1365 and up to 3500 over the net two years. That is so out there that is seems pie in the sky delusional. Yet, using the March low, and its successful test in mid-May around 540, the chart analysis then was projecting a run to 1051 by November. Here we are, not only at 1051, but 25% higher. At that time in May 2021, a doubling in six months also seemed pie in the sky delusional. We are trading through a historic market phenomenon, participating on the right side. What could derail it? A market crash. It's possible to hedge such an occurrence by taking profits along the way, or by using a spike up in volatility to compensate for part of the losses in our TSLA gains, or, buying puts on two stocks that will likely get hit as hard and probably harder in a market crash. Look for some ideas toward that end in the days ahead.
