Elite Insiders 04.25.24 - Mid Week Updates - $MSFT Earnings

Analysis + Setups

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Mid Week Update ✍️ 

This week has been very volatile and full of mixed signals.

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Table of Content

Context

In our last premium post, we mentioned 4130 being a key level of resistance. This was a great call.

In the private Discord, we were bullish, ending last week with $AMZN calls and /or ES longs. Those trades were both profitable.

Where do we stand?

  • $META earnings dropped the stock, though they were above expectations

  • $NFLX earnings dropped, even with so so data

  • $TSLA earnings were pretty bad, but Elon showed he was focused on the $Tesla brand, which led to people buying shares

  • $MSFT if on the clock reporting earnings today after close. If 395 does not hold, we can test 360s. Where long-term investors may look to add.

4 Trading Tips 😃 

Given the mixed signals in the current market, it's crucial to adhere to these 4 trading tips.

They serve as a reliable guide, helping you navigate through uncertain market conditions with confidence and clarity.

  1. Observe more (Read, view levels, understand the narrative)

  2. Trade Less

  3. Buy less (Don’t go full size right away, do half-sized positions)

  4. Ask questions if you don’t understand something

News

Automotive Industry Update:

The automotive industry is needed, but it’s tough to be an investor and a believer in the future of the automotive industry.

A point I want to cover is focused on robotaxi since that is what I think could be a reality in the future. (Maybe not in my lifetime)

  • What if we do have robotaxis? Wouldn’t that make people lazy?

  • Robo taxi - https://hypebeast.com/2024/4/tesla-robotaxi-rideshare-service-preview 

  • Some people would drive themselves to work, but many individuals would choose to get a robotaxi and nap on their way.

  • If this develops, Will GM and Ford follow? Will companies make their money primarily from ride-sharing instead of car sales?

Other World News:

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