The stock market flashes an urgent cautionary message today as some of the stock market indexes were unable to hold on to their gains. The weak finish from Tesla and NIO stock price action also left many stock market participants puzzled. Tesla and NIO stock both opened strong but finished weak. Today's price action from Tesla, NIO and the stock market raises a cautionary flag for the traders and investors to be defensive and take some risk off.
The stock market, Tesla and NIO stock have moved up substantially in a relatively short time, and for them to pause and pullback is not surprising.
By no means today's finish is an indication that the stock market has topped, nor Tesla and NIO stock are headed for a crash. The stock market and stocks do not reverse course on a dime. The stock market and stocks topping is a process not an event.
In this video, we will see what the stock market is telling us, and what Tesla and NIO stock price might do in the near term so you can prepare for all the possibilities.
