Why Cathie Wood and Tesla — 2 HUGE Names on Wall Street — Are a Joke

 
August 24, 2021
 
​​Former Air Force Pilot Discovers Little-Known Market Secret
Chuck Hughes is a former Air Force pilot turned 10-time trading champion and million-dollar investor…

And his brand new discovery Omega ONE was triggered on SMH...

Spitting out a perfect 0.01 rating.

This "0.01" signaled a healthy 107% winner… worth $17,302 in profits.
Click Here to See How
 
How to Prepare for a Bearish, Volatile Market This Fall
Look, guys, I'm not usually one to toot my own horn… OK maybe I am… but… beep beep. At the beginning of this past week I gave you a preview of major events taking place— along with my predictions.

And guess what? We reached the end of the week and I had to follow up on those predictions. And also to tell you… I was right.

So, without further ado, welcome to the Joy of the Trade weekly wrap-up.

I was concerned with some big earnings events this past week, Federal Reserve talk and of course, volatility.
Here's How I Knew
 
Why Cathie Wood and Tesla — 2 HUGE Names on Wall Street — Are a Joke
I have yet another rant on everybody's favorite investor, Ark Invest CEO Cathie Wood. And, more specifically, her market outlook.

But this time, there's a couple of guest stars along for the ride as well, starting with Michael Burry of "The Big Short" fame.

This whole story began Monday, Aug. 16, when 13F filings revealed that Burry's Scion Asset Management bought 2,355 puts against Wood's ARK Innovation ETF. It's worth noting that Michael Short also has a substantial short position against Tesla — Wood's largest holding.

This has led to a number of articles and interviews regarding her outlook. Namely, her saying that we aren't in a bubble.
Are You Kidding Me?
 
"It was great listening to your teachings. As an aspiring on line business trader, there is much that I would love to learn from experts like you. Thanks"

Kokas
Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of a security drops, demand for the shares increases, thus forming the support line. Meanwhile, Resistance zones arise due to a sell-off when prices increase.
 
 
 
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