Power Plays Update: Closing TSLA
By Scott Redler
The market is getting hit hard on Powell's hawkishness, and it's put Tesla (TSLA) into the danger zone I outlined.
So I'm going to close out Tesla from Power Plays.
These short-term paper cuts hurt.
But in this environment, we have to manage risk aggressively. Especially when there's a chance we could wake up tomorrow with Tesla down even more.
So the prudent move is to back off and wait for another setup.
Scott Redler Positions Disclosure as of 2023-03-07 at 10.12.31 AM