Navigating the Volatile Market: Tesla, Twitter, and More.

1 min read
Source: Investor's Business Daily
Navigating the Volatile Market: Tesla, Twitter, and More.
Photo: Investor's Business Daily
TL;DR Summary

The stock market rally showed mixed action last week, with the Nasdaq hitting a 2023 high but ending with slim gains, while the S&P 500 and Dow Jones fell for the week. A choppy market rally is dangerous for investors, and it's still a time to be mostly in cash. Tesla stock is trying to bounce back, but faces key resistance as it builds the right side of a base. Several chip stocks, including On Semiconductor, Axcelis Technologies, and Aehr Test Systems, are trading near possible entries. The stock market continues to deal with economic concerns, with recession risks now trumping inflation. Investors should focus on preparing for the next powerful uptrend and have their watchlists ready.

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