July 24, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Speculative Sentiment

Please click here for a chart of Tesla stock (TSLA).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock. The chart of TSLA stock is being used to illustrate the point.
• As we shared with you yesterday, speculative sentiment has been playing a big part in the stock market’s rise.
• The movement in TSLA stock plays a big role in speculative sentiment.
• The chart shows TSLA stock fell after earnings.
• The chart shows that the prior support zone has now become a resistance zone.