Tesla's Upcoming Deliveries Boost Market Momentum.
The stock market rally showed strong action this past week, with many leading stocks flashing buy signals or setting up. Tesla, BYD, Nio, XPeng, and Li Auto are in focus over the weekend as they report their Q1 sales. Tesla stock broke past a buy point on Friday, but is just below the 200-day moving average. Li Auto reported record March and Q1 sales, while BYD is ramping up exports and providing an escape valve from a brutal home market. Investors should gradually build up exposure, but not buy extended stocks or get too concentrated in a particular sector.