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Free TheoNight Report - for Monday, April 29, 2024 by Brandon Chapman - Tesla's Autopilot Breakout Is Only the First Event of a Busy News Week
Tech had a pretty good day. Tesla shares finished the day more than 15% above where they started on news the company will roll out its advanced driver assistance tech in China. Mega-cap stablemate Apple also helped lift the S&P 500 as Citi confirmed the stock would keep a "Buy" rating ahead of May 2 earnings report.
But it wasn't all smiles and sunshine - the bullish intraday moves were almost spoiled at around 3 PM by the release of the Treasury's Quarterly Refunding reports, which sparked a fit of bearishness.
And that's just Monday…
The week promises to be very eventful indeed - some of the biggest companies on the S&P 500, like Apple and Amazon, will report earnings this week. The Fed will meet this week, too, which could inject some fear and doubt into a rally that's trying hard to get in gear.
Here's what else is out there for us…
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Another Monster Win, This One with TSLA
We've hit the road running with our Moonshot trades. The first "micro" leg of the trade paid 50%, and we rolled that into another spread on Tesla. We just closed that second leg out for as much as 159% in profits.
That's the good news. The bad news is, we're closing these Moonshots off to new members tomorrow morning. To learn how it works, click here - I did a full rundown for everyone. You'll also get my watchlist of more than 80 big-name stocks I think are poised for a Moonshot-style run.
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