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Tesla cracks but broader tech holds on.Which side wins?

For the past few years, there's been a strong correlation between shares of Tesla and the Nasdaq but it could be breaking. Today, shares of Tesla are down more than 9% but the Nasdaq 100 has staged an intraday rally and is trading nearly unchanged. That's all-the-more impressive given that Tesla has a 3.8pp weighting in the index.What worries me is that TSLA shares have broken the March low, albeit only fractionally.I'll be watching the closing level today and tomorrow's weekly close but you can... Read More

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Content Topics

Tesla

Cracks

Broader

Tech

Holds

On

Which

Side

Wins

On which

Forex

Posted: Apr 20 2023, 17:58

Author Name: forexlive

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