American stock market is taking a big hit from all of the trading uncertainty that has been swirling around the world. It might not be visible today as we are trading with our regular pace, but the performance of the futures is signaling about the sharp future falls, which is not good news for the stocks which are not that stable in the first place. Now we need to be very careful and possibly only short the assets that we choose to trade.
For example, Tesla.
The producer of the electric cars hasn’t ever seen a smooth performance. Always we see the price for the stock of TSLA jumping up and down with investors jumping ship and coming back and clearly doubting the future success of the company and of the stocks. Today, there is a definite growth even despite the fact that stock market in American is not on its best legs today. Plus, there is another suggestion in the box that Tesla might need to switch their focus towards building charging stations for their eco-friendly cars. And that is going to attract those investors who prefer to make green investments. So, right now the future looks pretty good for Tesla and it seems that nothing can get in the way of it, but the performance of the actual futures spoils all the fun for us today.
So, it is better to be safe and use trading signals both in the future and now.