The major indices are all trading lower at midday despite a bullish start to the session on Wall Street, as stocks are looking for direction following another wild week of trading. The Dow is already on the verge of hitting a new year-to-date low, but the Nasdaq, the S&P 500, and the Russell 2000 are still holding up above their lows from last week, setting the stage for a crucial afternoon session ahead of the weekend break.
Treasury yields are on track to close lower for the third straight session, but the dollar bounced back this morning as safe-haven buyers continue to pile into Treasuries and the reserve currency. Market sentiment is very weak today.
With the market under tremendous Selling pressure and TSLA seeing a massive 10% decline, we are deciding to secure a quick 25% profit today. We indicated our consideration yesterday in our newsletter and are formalizing it today. There is no fundamental thesis change here and will reconsider opening a position in it again. We are simply looking to secure a decent profit that we earned in just few days, given the market conditions.
If you wish to continue owning this stock, you may choose to depending on your overall portfolio distribution
You may even consider doing a partial sale.
If you do not own this stock, no action is required at this time.
Sell Pick No: 262
If you liked/owned this pick and/or plan to close your position, please press the Like (Heart) Button below the post.