Tesla, Inc. (TSLA)

Remember when Amazon reported earnings loss in Q1, and I warned ahead of time showing their website hits dropped dramatically? Well, it's even worse now. After the Ukraine invasion, consumers stopped buying stuff they don't need because of a massive rise in oil prices, and therefore inflation. Q1 only included ONE month of the Ukrainian invasion effects (March). Wait until next quarter when their losses will include THREE full months of the Ukrainian invasion effects AND 2 full months of China's Shanghai lockdowns.

Read the news about $TSLA production isn't ramping up? Supply chain issues. $AAPL indefinitely affected as China keeps locking down again in the future. Shanghai is opening up, but a report shows only 0.5% of companies are on a white list. That's HALF a percent of companies!!! It'll take time to get shipments to the rest of the world, months and months. The next 2-3 earnings will be epic losses.

China's dead set on zero COVID policy, meaning the moment the virus just ticks up a few cases, they'll lock down hundreds of millions of people again. Putin isn't giving up no matter how many Russians or Ukrainians die. The only option is Feds keep raising rates aggressively and undoing a ridiculous $9 trillion QE balance sheet to lower inflation.

The selling is nowhere close to be done. In a bull market, you buy the dips. In a bear market, you sell the rips.

The Nasdaq $^IXIC $QQQ , S&P $^GSPC $SPY, Dow Jones $^DJI, and small caps $^RUT indices will need to fall -50% at MINIMUM. There's a good chance we'll see -70% or more given China's unwavering zero COVID policy.

Click to see full image, or go to Wolfram Alpha website and plug in Amazon's address, and click the SHOW HISTORY. It's going to get so much worse.

https://photos.app.goo.gl/ExxcKECm1Y3TxUkX6

Last Updated: May 20, 2022 at 10:15 a.m. EDT
Real time quote
$TSLA
680.05
-29.37 -4.14%

The key to watch is Monday's close and intraday chart trend. If it closes green, or the trend is up, even if it sells off some for profit taking early on or mid-day, that's a BIG bull signal. That means it'll continue up the next few weeks, especially with Shanghai cases down dramatically, with officials closing down some COVID quarantine centers, and stores starting to reopen. China was locking down because most of their vaccinated are young working class, and not the elderly like in the U.S. and western countries. They are attempting to vaccinate older people now. Once that's done, lockdowns will be less of an issue.

Nasdaq should bounce at minimum a 50% retrace to 13K, possibly higher as the 5 day detailed charts show resistance is actually around 13.4K, while the S&P should also bounce to the 4.3K area, possibly higher with $TSLA and $AAPL factories in Shanghai ramping up from low capacities of 30% or less. The Russell 2000 small caps $^RUT also usually leads up (or down), and with it starting to lead back up, this is a bullish sign. Less inflation from China and Russia means lower rates from the Feds. Futures currently opening green, a good sign indeed. To da moon, folks! Any price at this level is a steal for the near term. That's why big money bought big the past weeks. Buy or cover while you still can. Consider yourselves warned, again.

$^GSPC
$SPY
$QQQ
$UVXY

Incoming weeks $NIO will perform better than $tsla

$tsla to $400
$nio to $40

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$$MAD MONEY$$
4 days ago
$TSLA conversation
Max $300 by 2023

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