We have Bearish Divergence up here on both the RSI and MACD and if TSLA falls off a cliff we will see this thing come tanking down. I will be using this ETF as a cheaper alternative to get Monthly puts exposure on TSLA.
With the Micro Chip shortage and the ports being backed up, I think that we should get 1 more surge in price of CARZ due to the supple and demand imbalance. I made a purchase of 115 Share at 64.26 on Tuesday. See my buy, wins and loses on our other Platforms
Manufacturing has been a red-hot sector lately, and the CARZ auto ETF has been a beneficiary of that boom. The latest manufacturing data out today show continued outperformance by this sector, which I suppose is why CARZ is up today: Empire State index: 17 Price of imported industrial supplies: +3.6% Manufacturing output: +1% When you drill into the data,...