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Podcast: How to Trade Stocks and Options Podcast with OVTLYR Live
Episode: Tesla Faces Downgrade DUE TO NO Short-Term Catalysts | 7.24.24 OVTLYR Trading Room
Description:
In today’s OVTLYR Trading Room session, we kick things off with the latest drama around Tesla. The stock has been facing significant issues lately, adding extra volatility to the market and influencing overall sentiment.
Moving on to the market analysis, we break down the current state of SPY and QQQ ETFs using the Golden Ticket Trading Strategy. SPY shows some mixed signals with the 10-day moving average above the 20-day, but the price is below the 50-day. This bearish setup led to a recent exit from positions, which helped avoid losses in a volatile market.
We also examine th...