Tesla is below the 200-day moving average and is expected to see further declines, potentially forming an inverse ABC pattern.
Source Post
After Too Many Tacos You Get Diarrhea
Mar 31, 2026
The creator uses a "Taco Tuesday" analogy to describe the current market situation, suggesting that the market will eventually realize the unsustainability of current conditions and experience a significant downturn. He discusses geopolitical events, rising inflation, and the impact on consumers and specific industries like airlines and energy, highlighting concerns about California's energy crisis and Chevron's warnings.
Linked Mentions
Tickers discussed in this post
AVGO is trading below its 200-day moving average and could see a flush down to around 295.
Phillips 66 (PSX) is recommended as an undervalued play with significant exposure to heating oil and diesel, expected to outperform peers.
Coterra is another energy stock showing significant gains, benefiting from the current market conditions.
Devon has performed well, showing strength in the energy sector.
Cheniere (LNG) has seen substantial gains, making it a strong play on the energy sector.
EQT is highlighted as a strong performer in the energy sector, up significantly since the war began.
A large credit was received from selling 190 calls on Tower Semiconductor, indicating a strong belief that the stock will be below $190 by June, potentially signaling the end of the AI bubble.
A bearish bet was made on SEI by purchasing 60 puts, anticipating a price drop to close a recent gap.
A substantial put option purchase was made on Apple, potentially as protection, with a significant amount invested.
