The big player continues to fluctuate around 58k. Are both long and short positions struggling right now? Many can't hold back any longer. Will it soar or plummet today? Let's get straight to the point.
1. You might say that those shorting have avoided recent adjustments. While it's true that continual shorting can sidestep declines, what’s the use of that?
2. Avoiding declines means missing out on rises. If you dream of selling at the peak and buying at the bottom daily, you should own all the money in the world for your skill!
3. Despite the daily trend forming a short position, the weekly trend remains bullish. If you dodge declines, you miss rises. If you can't handle a bit of volatility and retracement, how can you enjoy the subsequent rise?
4. U.S. stocks closed higher on Wednesday, with the three major indexes up more than 1%. The Nasdaq and S&P 500 hit new all-time highs, with the S&P 500 breaking 5,600 points for the first time. Fed Chairman Powell indicated there's no need to wait for inflation to drop to 2% before cutting interest rates.
Tesla rose for the 11th consecutive trading day, hitting a 7-month high with a turnover of $33.607 billion. "Bond King" Bill Gross commented: "Tesla's performance is like a meme stock. The fundamentals are weakening, but the stock price is rising sharply!"