The index in October has been flat, expecting the s&p 500 to surge towards 6000 points by the end of the year. Currently overbought, but not diverging, being rectified by the upward trend. Nasdaq 100 is overbought with a peak divergence, it will need to be corrected sooner or later! A 10% drop in indices is like playing a game. This is because the s&p 6000 points have already met the entire 25 fiscal year EPS expectations. I have mentioned before, if October, a traditionally declining month, does not decline, be extra cautious in November and December, it will become difficult to trade. Hopefully, Trump can return to the historical stage and continue munching on mcdonald's in the White House.
Tesla is still fluctuating in the $220-266 range. Tesla pulled off a violent bullish candle last night, directly surging by 21%, the second largest single-day increase in history. If it can break $266, we will see $300 and new highs, with no trapped positions ahead. If $266 is not surpassed, consider a synthetic put (if you don't understand, search for GPT explanation, set the exercise price near $260, and hold until the end of the year) and continue waiting patiently. Do not go empty-handed. In this quarter's financial report, Tesla's gross margin of 19.8% significantly exceeded the consensus of 16.8%, mainly because even after deducting the crediting profit margin, it remains at 17.1%, surpassing the consensus of 14.9%, higher than the 14.6% in the second quarter, presenting a perfect answer. The model 2 below $0.03 million has not been further postponed, and the cybertruck has also started making money.
In addition, I opened a position in IONQ yesterday, a quantum computing hardware and software supplier. It may become the next nvidia, currently valued at $3 billion, with very high volatility, but in the fields of artificial intelligence and storage...