DNA Weekly -   4/26/24   Ginkgo Bioworks Holdings's(NYSE: DNA) short percent of float has risen 3.26% since its last report. The  company recently reported that it has 270.83 million shares sold       short, which is 19.94% of all regular shares that are available for trading. Based on its trading volume, it would take traders 16.88 days to cover their short positions on average.    

GCT testing 50 day MA after slight break

TSLA is getting the map from Baidu as part of the deal with China.Sounds like a forced marriage that could prove to be disastrous. Remember AAPL maps? Nothing is worse than Siri but their maps are horrible. What are the chances China can resist the urge to tweak the maps for propoganda reasons?  Map makers have been doing that since ever since but it's a little different when it's being used by a computer to drive people around.

QCOM ...

I'm back to a standard allocation on TSLA. Crazy move today. I think it's overdone and just an extension of the Short squeeze that began with bad earnings but FSD deal with China does potentially open the door to Cathie Wood's 2k price target based on robo taxi rollout. Currency intervention overnight also helping TSLA.

AAPL - Tony Sack upgraded 

Quick 100 point reversal on NQ

MSFT - Chart Link

XBI - Chart Link- discussed that divergent low last week looked like a lower risk long with that test and hold of the 200 day MA, and divergence. Also bounced off top of a demand zone

LABU - Chart Link- the leveraged play

And CENX has earnings 5/1 before open.

CENX - Chart Link

Kudos to Digi who doubled down on his TSLA leaps. I bought stock at 143-148 but exited friday

Former FED member said Powell likely to be hawkish this week. Rodger Ferguson for Vice Chair. 

It simply shows that a higher percentage of total assets are being allocated to equities versus other assets.

QRA this week

Took some nice gains selling SOXS 35.58 bought on Friday.  VIX  up 1.75 percent too.

Sorry but what does that mean Steve?!