UnCRWDed House

Well last week was fun wasn't it! For those that are paid members, you should be happy as Crowdstrike (CRWD). Did exactly as I thought. While the news hit the previous week, the drawdown continued as more news emerged. This resulted in 60 point drawdown from Monday thru last Friday.

Here is the rundown for the week ahead:

TSLA - Tesla had a nice surge over the last few weeks. I'm seeing this as overvalued and I sense that some sprinkle of news on Elon, Tesla and his other ventures will start an outflow for the next few weeks. Based on the technicals, starting the week of July 29th seems like a downturn is here for the next 3 weeks.

SPX - The SPX overall will take a dip this week. While we did have a sizable dip this last week which was mainly lead by some unloading from the Magnificent 7. I see a similar repeat this week with other stocks repeating in a sense of the previous week. As a whole picture, the SPX looks very overvalued and we are getting close to the tide moving out.

TON (crypto)- For my crypto heads, TON has some value to catch up on as it is undervalued. It may be sideways this week but the week after it is ready for an upward climb.