Ignore the crowd??I think the crowd here has always been short tesla. Not as high as 40 percent of float where it has been before but still in the 20 percent range is high. That is the crowd trade.
Ignoring the crowd means going long. I am buying today's dip as dips greater than 3 percent I buy. Economic news this morning is good not bad.
New home sales data impress in May.
A day after existing home sales data for May disappointed, new home sales data topped expectations.
Suggesting the housing market did indeed bottom in March and April as buyers appear eager to step in.
In May, new home sales rose some 16.6% to an annualized pace of 676,000 units, according to data published Tuesday. Economists had expected new home sales in May to hit an annualized rate of 640,000.
Unlike Monday’s existing home sales data, which only tracks closings on previously signed contracts, new home sales counts signings for home