A simple trading plan for both the indexes and TSLA

By Jani Ziedins | End of Day Analysis

Nov 17

Free After-Hours Analysis: 

Wednesday was another quiet session for the S&P 500 with the index declining a quarter of a percent.

While counting profits on up days is more fun, healthy rallies need periodic stepbacks like this to stay healthy and sustainable.

Only the biggest of bears are making a big deal about this 0.26% loss. But in reality, if this is the best the naysayers can muster, the rest of us don’t have anything to worry about.

Last week’s dip and bounce continues to be our line in the sand. Hold above last week’s lows and the bounce is alive and well. Fall under this key level and we need to get defensive. It doesn’t get much more straightforward than that.

Keep holding with stops spread across the mid-4,600s and see where this goes.

TSLA’s bounce off of $1k support is developing nicely. It was on the edge there for a couple of days, but we knew it was going to take a lot more than a few tweets to kill the phenomenal bullish sentiment in this stock. Keep holding with stops under $1k and see where this goes.

If you find these posts useful, please return the favor by liking and sharing them!

Sign up for FREE Email Alerts to get profitable insights like these delivered to your inbox every evening.

What’s a good trade worth to you?
How about avoiding a loss?
For less than $1/day, receive actionable analysis and a trading plan every day during market hours

Follow Jani on Twitter


About the Author

Jani Ziedins (pronounced Ya-nee) is a full-time investor and financial analyst that has successfully traded stocks and options for nearly three decades. He has an undergraduate engineering degree from the Colorado School of Mines and two graduate business degrees from the University of Colorado Denver. His prior professional experience includes engineering at Fortune 500 companies, small business consulting, and managing investment real estate. He is now fortunate enough to trade full-time from home, affording him the luxury of spending extra time with his wife and two children.