≈ Look out, ’cause here she comes. ≈
When I get to the bottom I go back to the top of the slide
Where I stop and I turn and I go for a ride
Till I get to the bottom and I see you again
–Helter Skelter, The Beatles, 1968–
Helter Skelter was recorded between 9–10 September 1968, exactly 50 years ago. Heavy guitar riff, aggressive drumming, pounding bassline, and Paul screaming at the top of his head. That was the four lads stepping into the hard rock arena, as they did in many areas of the music industry, shaking its grounds and opening the doors for many musicians to come.
We don’t want to go full music critics here. We want to talk about Elon Tesla Musk Motors (NASDAQ: TSLA). You stay one single week away from its chart and, the next thing you know, things ain’t the same anymore.
On one day, the guy puts a Tesla car out there in the ether with his SpaceX project. He is the minstrel of a new generation. Then, he tells everyone on Twitter that he is considering taking his company private, funding secured. The stock skyrockets. A couple of weeks later, he smokes weed while on an interview. The stock plummets. A while ago, a copyright issue over a farting unicorn. God knows where the rainbow ends.
Heaven and Hell, buyers and sellers, fans and haters, are only a mile away from each other. The world is a boring place, but not while Tesla is in it.
Trader, you may be a lover but you ain’t no dancer.
Chart of the Day
Helter Skelter
For today’s Chart of the Day, we want to propose an experience to our readers: Download the picture above and make it fullscreen. Put your headphones on, grab Helter Skelter and hit play with conviction. What did you expect from someone who’s trying to disrupt things? A Ray Conniff tune?
Video of the Day
How to reset a Paper Money account in Thinkorswim
Learn how to look up your trading records and how to reset your paper money account balance in thinkorswim.
Today’s Lineup
Tales of a Techinician
How to Trade the Apple Dip
All eyes are on Apple this week because the tech juggernaut has a pretty little pullback pattern. Allow me to illustrate one way (of many) that we might trade it. This is NOT A TRADE RECOMMENDATION. I simply want to demonstrate a few things:
Coaches Lounge 11am EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
The Coaches Show 8:30PM EST
This is our weekly MasterMind group. Join the coaches tonight, 8:30pm EST to discuss the markets and help you prepare for the week.
Halftime Report 12:30pm EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Market Recap 4:30pm EST
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.
