The Dow Up 457 And the Nasdaq Up 460.70

Look at these gains today. Today is a Thursday. Meta is up $18.04, AMD is up $17.49, NVDA is up 110.55, AMZN is up $6.00, ELI lILLY is up 23.75, SUPER MICRO is up $241.52, NETFLIX is up $15.12, COSTCO is up $11.38 AND MODERNA is up $11.85. Gains of $110.55 and $241.52 in one day on two stocks! What's that all about? Well warning bells should be going off. We must be at a short term top. Three stocks stand out to me that are having changing stories. 1) Moderna. 2) Rivian. 3) Lucid In these crazy markets a lot of these stories get buried. Option players in these markets are getting whipsawed and it is getting to be to difficult a market to play in. Once this final round of earning reports are over things should get back to normal.

Auto Talks - Ford

Strong profits and strong vehicle demand. Investors in Ford have opted to discount the cost of future labor demands. Management might have a different slant. Take a hit on plants closing and let the demand for new vehicles heat up (or help reduce the need for dealers to offer incentives). Interesting times. Tesla seems be running with more efficiences.**Barron's coverpage on Sept 18th reads.The EV Wars, As General Motors and Ford confront a UAW strike, they're falling behind rival Tesla in the battle over electric vehicles. Can they catch up? Their article notes that in July, Ford increased it's EV division's full-year projected loss to 4.5 billion from 3 billion, while pushing back a goal of producing roughly 50,000 EVs a month from the end of 2023 to some point in 2024. In the U.S., Ford sold some 32,000 EVs in the first seven months of the year, up 3.5% compared with 2022. (Tesla sells more than 58,000 cars a month in the U.S. and produces 150,000 EVs every month around the globe).( Evs now account for about 7% of new vehicle sales in the U.S. and 22% in California ).


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