TSLA hit a high this morning at $257.19 and is currently trading back down toward $253. By not trading in and out, trying to guess short-term tops and bottoms, our two currently long TSLA/TSLL option positions look like this: TSLA/TSLL Current Longs Note that not every Buy Signal on the chart below has resulted in new calls being sent out to subscribers, nor will they ever be. It takes more than the Trend Model to generate a high confidence trade. Most everyone who has been with me for awhile knows this, but for new subscribers, we require pattern recognition confirmation to risk new positions. So far, so good, especially with TSLA. ----- TSLA 240 Minute ----- TSLL Daily Trend Model These leveraged derivatives are a little tricky in terms of EW and Fib projections, but fun to look at when your holding long at a nice profit. As for Trend Model signals, stellar, but with a limited history...so far. Above is the entire history (from Jan 27, 2023 to present) of Trend Model Signals for TSLL: 10 trades, 70% winners with wins generating gains of $5.35 versus $1 of loss. Something to keep a close eye on going forward.
