Nice day on Friday, utilizing Wall Street’s most exclusive stock option ideas to wrap up the month of May…
And you bet I’m on a mission to make money again today!
The Twenty Most Analyzed Stocks by Financial Professionals…
My BEST Trade Idea for Today.
|Ticker Code||Ticker Name||Ticker Industry||Price Change||Average Volume (50)*|
|MARK||Remark Holdings Inc||Internet Content & Information||85.23%||57,376,317|
|AYTU||Aytu Bioscience Inc||Biotechnology||-0.67%||17,216,177|
|ZEST||Ecoark Holdings Inc||Plastics products, misc||78.15%||722,297|
|MVIS||Microvision, Inc.||Scientific & Technical Instruments||80.68%||43,447,861|
|SRNE||Sorrento Therapeutics Inc||Biotechnology||63.56%||44,458,050|
|NIO||Nio Inc – ADR||Auto Manufacturers||30.15%||34,121,618|
|TTNP||Titan Pharmaceuticals, Inc. common stock||Biotechnology||17.86%||12,068,530|
|XSPA||XpresSpa Group Inc||Personal Services||77.11%||37,801,644|
|INO||Inovio Pharmaceuticals Inc||Biotechnology||49.56%||41,674,232|
|LK||Luckin Coffee Inc – ADR||Restaurants||-1158.80%||27,332,112|
|ACB||Aurora Cannabis Inc||Drug Manufacturers – Specialty & Generic||22.80%||16,127,878|
|BA||Boeing Co||Aerospace & Defense||-2.26%||32,730,950|
|TSLA||Tesla Inc||Auto Manufacturers||37.25%||14,740,724|
|GNUS||Genius Brands International Inc||Entertainment||86.34%||29,697,655|
|ROKU||Roku Inc||Pay TV||20.12%||12,137,496|
|KTOV||KITOV PHARMA LT/S ADR||Biotechnology||34.04%||22,460,189|
|AMZN||Amazon.com, Inc.||Internet Retail||20.17%||4,731,874|
Saturday was a day for the history books.
NASA launched astronauts into space on a commercially built rocket and commercially built crew capsule.
SpaceX, the aerospace company founded by Tesla (NYSE: TSLA) CEO Elon Musk, had the equipment built.
This marked the first crew launched on American soil since 2011, the year the iconic space shuttle was retired.
But here’s where Tesla gets interesting… Every time Tesla reveals a new electric car, or exceeds expectations, the stock is almost always upgraded or given a price target increase.
This isn’t a new electric car. It’s essentially a successful launch of human beings, using Elon Musk equipment, into outer space…
The technology required to pull this off may be a little unique compared to electric car manufacturing.
I expect Wall Street to take notice – or have already taken notice of this – and make six-figure moves on it today or in the days ahead.
And I want to make a move on it myself.
I see one of two things happening to Tesla’s stock today as the stock opened higher in the premarket off the positive SpaceX catalyst as expected.
Wall Street is a greedy place… it’s possible institutions are already in sizeable bullish positions on Tesla stock itself as a bet the stock would go up, which it did.
They may simply liquidate their positions, or at least some of them, in a “take the money and run move.” In this case I’d want to trade in a “sell the news” mindset.
What this means is below Tesla’s support of $808/share, I’d be interested in making a bearish trade on Tesla as I’d expect bulls to liquidate, and bears to trade its green-to-red move.
Above $808/share on the other hand, and I’ll be watching for call option sweeps and increasing buying volume of the stock itself.
It is possible that Tesla’s initial launch (which was planned to take place on May 27) being postponed was met with doubt that it could launch only three short days later. Therefore, many bulls may have sat out over the weekend, and be looking for a second chance as soon as today’s opening bell.
In this case, should Tesla be met with buyers while trading above $808/share and see a larger increase in price-per-share today, I’ll be interested in making a bullish trade on it, right alongside Wall Street’s deepest pockets.
Yours for TrackStar trading,
America’s #1 Premarket and Day Trader
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.