Retail investors sitting on more Cash than the Pandemic High, & now 5.1 trillion in MM assets- Let that sink in for a minute
Mark Newton CMT
33.9K posts
Mark Newton CMT
@MarkNewtonCMT
Global Head of Technical Strategy-Fundstrat; Analyst/Trader, Frequent Commentator-CNBC, FOX, Yahoo Fin. Daily Note FREE for 30days- fundstrat.com/Mark
NYC
Joined February 2011
- For $TSLA investors, this is the start of a coming technical breakout, in my view. Today's move to 6-day highs exceeded the minor downtrend of the past week and volume expanded to the highest levels since 8/11. Very promising 1-day advance that likely will carry this back to
- Elizabeth Warren is probably one of the least informed people in terms of how markets work today- Her comments are truly scary in her own lack of knowledge while talking manipulation and greed- Cannot understand how she can get airtime, outside of trying to rile investors up
- " I shorted $200mm of Internet stocks in March of 1999 & covered them three wks later at a $600 mm Loss.. They all ended up going bankrupt" Stanley Druckenmiller live on @BloombergTV
- $TSLA growing closer to meaningful short-term support; Despite TSLA having become a political stock which has increased its already high level of polarity, there stands an excellent chance of this bottoming initially in late February. @IBDinvestors @marketsurge I discussed
- Wonderful week in #Tokyo , presenting 2025 outlook and spending good time with our colleagues もう恋しいよ .
- $TSLA 420+ and Yes, the "funding IS secured". New all-time highs. Congrats @elonmusk and team, as an owner and shareholder, I'm excited about 2025- Happy Holidays to All - Health, happiness and Prosperity & GO DOGE @IBDinvestors @marketsurge
- So we're in a Bubble about talking about Bubbles ... and while certainly some waning breadth & pickup in positioning and Deal Making, there hasn't been any break in Tech, despite Mag 7 turning to Lag7.. which should prove temporary. I've warned about a down cycle in Nov.. but
- $TSLA pullback this week might have seemed like a breakdown to some. However, there remain important structural positives which i'll address in tonight's note @IBDinvestors @marketsurge weekly chart on $TSLA helps to put this weakness into perspective. bit.ly/3zhabe3
- $QQQ down to 50% of August'24-Feb-25 rally while intra-day starting to reflect positive divergence & DeMark-based exhaustion on 180, 240 min- Retail sentiment quite negative while High Yield in good shape & Equal-weighted SPX showing some positive divergence & holding above
- Re: $TSLA I discussed in last night's report that $270-275 is the strongest near-term level on a break of 314, & structurally this decline is nearing an inflection point- For those who wish to hear more about the cycles, Elliott structure, DeMark-based exhaustion, & Fib levels,Fundstrat's @MarkNewtonCMT is back with his latest Tesla stock forecast! He nailed past predictions—calling the $143 bottom, the $265 breakout, and a run past all-time highs. Now, he's even more bullish: $614 by year-end or early 2026 🚀 We’ll break down his analysis, key
00:00 - TSLA recovery wasn't that unusual for those that study time and price, as the 55 Fibonacci-based calendar day advance from 10/23/24 to 12/17/24 was exactly mirrored by a pullback of that same duration of 55 days into 2/11/25, this past Tuesday, before this bottomed. Thus, the
