Tesla Battery & Powertrain Day - April 20th TSLA Earnings (1st qtr 2020) - April 22nd These are the two news events that will affect TSLA price action over the course of the next four weeks. One or both of these news generation events will have a dramatic effect on share price no matter what the general market is doing. The initial long term option (Jan 2021 $420 call) is up between 481% (still holding) and 670% (if exited when a 50% trailing stop was hit). The most recent Intermediate Term Buy is underwater by 45% if still being held, or lost 32% if it was exited on March 30th via a 50% trailing stop. As of today there are no new Intermediate Term TSLA Buy Signals pending or setting up. Nonetheless, and especially for new subscribers (welcome all!) a core TSLA position is recommended, system signals or not, in either shares or longer-term Jan 2021 calls. A table of call candidates follows, showing performance numbers for today. Remember, TSLA ran up from about $350 to $970 in the three months since our "Game Changer" recommendation of Dec 9, 2019, so this stock is capable of doubling or tripling in a short period of time. The Big Picture As is expected with the coronavirus, the market's current upward momentum is expected to crest within the next few days. The DIA is now within 5 pts of its 50% Fib retracement level from the Mar 23rd market lows. that's about 500 Dow points. It is not unusual for Good Friday to mark turning points in the market, so it does all seem coming together for some serious trading opportunities in the next week or so. DIA Daily
