1. FANG+ ETF Did Not Make New Highs
2. MAG 7 ETF Reversed Right at Previous Highs
3. SMCI Hit $114 in March 2024…$29 Last..Down -75% from Highs
4. Blast from Covid Past Charts…PTON +46%
PTON +46% year to date…50 day thru 200 day to upside.
5. Blast from Covid Past …Carvana +400% Year to Date
50 week about to cross above 200 week to upside.
6. ASML Continues Correction…-40% from Highs
ASML Closes below 200 week moving average on long-term chart.
7. Car Sales in Europe
Dave Lutz at Jones Trading TIT FOR TAT China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles (EVs), two people briefed about the matter said, a move likely to further divide Europe. The new European Union tariffs of up to 45.3 per cent came into effect on Oct 30 after a year-long anti-subsidy investigation into EV imports from China that divided the bloc and prompted retaliation from Beijing.
The move by the Chinese authorities to suspend some investment in Europe would suggest that the government, keen to avoid a sharp fall in EV exports to the key market, is seeking leverage in talks with the EU over an alternative to tariffs.
8. Alphabet Cash Flow Breakdown
9. Ukraine and Chinese Nationals 400k Encounters at Border
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