Special Message: The Premium and PRO updates for the past week have been posted on the website as usual, but emailed copies of the posts have not been getting delivered. We are looking at this glitch in our delivery system and hope to have it resolved this weekend. Until the email system is restored, please check to the website for new alerts and updates. Time is seldom of the essence on recommendations (beyond 24 hours), so once or twice a day should be sufficient. ------------------------------------------------------------ TSLA Tesla Delivers Record 241,300 cars in Q3, handily beating consensus estimates. Tesla has announced its production and delivery figures for the third quarter of 2021, confirming that it handily beat Wall Street consensus estimates which came in at 222,700 deliveries. Tesla delivered a record 241,300 cars in Q3 2021, producing 237,823 vehicles, another record for the automaker. “In the third quarter, we produced approximately 238,000 vehicles and delivered over 240,000 vehicles. We would like to thank our customers for their patience as we work through global supply chain and logistics challenges,” Tesla wrote in its press release reporting the figures." Analysis We will know on Monday whether this news will move the stock price and by how much, short-term, but there is no doubt that it has set the stage for a multi-year run on over 50% year-to-year growth into the foreseeable future. Long-term LEAPS, as good as they looked before this news, look even better today. With two new factories coming online for 2022 and more planned after that, there isn't a better growth story on Wall Street. As is our history, we will be chronicling the Tesla narrative and its trading/investing opportunities as it unfolds. Stay tuned, and secure the vault. TSLA Weekly w/Fibonacci Extension Targets The Big Picture The bad news is that the correction in the market that started late Monday has risen far enough to wipe out much of the gains from index puts. The good news is that the correction is of a higher decree that first thought, meaning that the subsequent decline in Wave 3 will be massive. The Dow chart below sets out the parameters. The target for Wave 3 is now 30,000 or below. The stop on the entire bearish pattern is 35,000, about 700 points above current levels. Risk 700 points to make 4,326 points. The same general analysis goes for the other indexes. The purpose of a Wave 2 down is to convince that the bull market is still in tact and to jettison short positions, then Wave 3 collapses prices with few on board. A day or two more of higher prices will pale in comparison to what comes next. Whether the bulk of the selling occurs before October expiration is problematic, so November 19th puts may be the better expiration for sleeping at night. DJI 2-Day QQQ 2-Day Fib Targets
