Note: TSLA did not trigger Long yet on the intermediate term model, but the same parameters from the previous update are still in place through tomorrow. As was discussed in earlier updates, the two big trading opportunities in the days and weeks ahead are Tesla and the spread of the coronavirus. Just looking at the TSLA chart it appears that breakouts, either above today's high ($818.00) or below this morning's low ($735.00 - note: round numbers for both) will set the course for the next leg up or down. I'm betting on up, subject only to the second part of this special Valentines Day_Pending Update: The spread of coronavirus. New Signals ---------------------------------------- Sell Signal: MGM ($31.80) Option: Apr 17th $30P ($0.75-0.80) ---------------------------------------- There are also sells close to triggering in Carnival Cruises (CCL), Royal Caribbean Cruises (RCL) and Wynn Resorts (WYNN), all three very much correlated to the coronavirus news. A weak day tomorrow could trigger not only these, but other coronavirus-sensitive stocks, as well as the potential for a VXX Stochastic Buy. There is a lot of action "pending" for Valentines Day, 2020, the last trading day before a 3-day market weekend. Stay tuned.
