No doubt by now everyone has gotten word of a major upgrade on TSLA from Adam Jonas of Morgan Stanley, one of Wall Street's most ardent TSLA supporters. The shares are into the $270's on Monday, and it's hard not to be excited for an eminent move to $2,000 by Thanksgiving. What could go wrong? Same question was being asked of NVDA after its Aug 23rd earnings report that sent NVDA soaring in after hours trading to over $500. In case your not NVDA-watching, that was as high as NVDA got and the chart looks sick, teetering on a major Sell Signal: NVDA 240 Minute Trading Model There are some potentially market moving economic numbers due out later this week and the FOMC meets next week. On top of all that, we are not yet half-way through a weak seasonal period, with another 4-6 weeks still to go before a crash cycle passes. Nonetheless, all surprises continue on the upside for TSLA, and the chart looks terrific. So some calls are in order, especially when funded by some of the healthy profits from earlier this summer. TSLA Intermediate Term Trend Model TSLA Premium Service Option Positions Trade Management - If still in the Sep 15 calls, which expire on Friday: Sell the Sep 15th calls for a 600% gain and put up to 1/2 of that profit into the Dec 15, 2023 and/or Jan 2025 calls. Tesla shares soar 10% after Morgan Stanley upgrade.
