Day Trading Tesla TSLA | DE Reports Earnings 2-21-20
Welcome back to Smart Money Alerts for Friday February 21. 2020.
Today's trade of the day comes in a popular but forgotten sector and it's a trade setup that you want to add to your toolbox.
We're game planning a long-term play in TLRY Tilray because we have spotted smart money accumulation. This means heavy volume buying over several weeks, without a significant advance (YET!)
Accumulation is smart to learn because the common trend indicators have NOT picked up on the trade because the stock is still in a clear down trend. The volume and price action tells a different story though.
This is where your new tape reading skills come into play. There's nothing sweeter than getting into a new trend near the bottom. When you mix in that these stocks can be explosive, you have a terrific idea unfolding.
Also... In today's episode of Stocks for Breakfast we review a total of ten stocks including a day trading strategy taught using TSLA.
One interesting note as well, we review a stock that has exhibited a short covering rally. This type of explosive moves also occurs after a down trend, but it means something very different than what I described happening in TLRY.
If you have any questions, here's my email: [email protected]
Have a great weekend.
Pete
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TLRY Tilray Inc Stock Chart 2.21.20
Deere (DE) to Report Q1 Earnings: What's in the Offing?
The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $1.30 for the fiscal first quarter, suggesting a 15.6% year-over-year decline
Lower commodity prices, poor growing and harvesting as well as tariffs and trade-related concerns have made farmers cautious about spending on farm equipment, straining Deere’s revenues.
Read More | zacks.com/de-earnings
‘Weak Start To The Year' – Maersk Warns Paralyzed Chinese Factories To Damage Global Economy
A.P. Moller-Maersk A/S, the world's largest container shipping company, warned Thursday that the Covid-19 outbreak in China, and quickly spreading across the world, would hit earnings this year.
Maersk said factories in China are currently operating at 50-60% of capacity because the economy has ground to a halt.
Read More | zerohedge.com/global-economy
