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According to CNN: A US federal judge extended the ban preventing the National Guard from deploying to Chicago.Data shows that the size of the U.S. national debt reached $38 trillion for the first time.Tesla (TSLA.O): The company has sufficient liquidity to fund its product roadmap, long-term capacity expansion plans and other expenditures.On October 23, Tesla (TSLA.O) announced a lower-than-expected third-quarter profit, despite record sales of its electric vehicles, indicating that the company is facing pressure from changing US policies and rising costs. The companys financial report showed adjusted earnings per share of 50 cents in the third quarter. The average analyst expectation was 54 cents. However, quarterly revenue of US$28.1 billion exceeded market expectations. The company reiterated its statement from the previous quarter that it is difficult to measure how changing global trade and fiscal policies will affect its business and operations. Tesla believes that its performance depends on the broader macroeconomic environment and the speed at which it accelerates its autonomous driving efforts and increases production of key products. Analysts expect Teslas car deliveries to decline for the second consecutive year. Earlier this month, Tesla reported record third-quarter sales as consumers rushed to buy electric vehicles before the US tax credit policy expired on September 30, which gave the companys core automotive business a brief boost.Tesla (TSLA.O): Increased vehicle deliveries, growth in energy generation and storage, and expansion of services and other businesses all had an impact on revenue; however, regulatory credit income declined, and one-time FSD revenue recognition decreased year-on-year.

S&P 500 Futures Continue to Consolidate

Cameron Murphy

Apr 20, 2022 10:22


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Technical Analysis of the S&P 500

During Tuesday's trading session, the S&P 500 dropped down slightly to indicate hints of weakness, but then rallied to challenge the 50 Day EMA. In the end, if we can break over the 50 Day EMA, we'll most likely go for the 4500 level. The market's break over the 4500 level opens the door to a move to the 4600 level, although that level is likely to be tough to reach at this time.


Keep an eye on the interest rate situation in the United States, which will continue to be a key issue, since we have seen so much in the form of a headwind for the stock markets. Keep in mind that the market is going to experience a lot of noise at best, so keep that in mind. I believe that if we break below the hammer from Monday's session, we will be able to break below the 4350 level, which would open up the 4300 level, and then the 4100 level.


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There are lots of unfavorable conditions out there that continue to work against a stronger stock market, so it's understandable that we'll see a lot more selling pressure in the future. If you notice symptoms of fatigue, I believe you should either purchase puts or take gains if you are a "long-only" trader. At best, the market is highly loud, so you should be wary of the volatility and keep your position size minimal.

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