The markets are closed today, but I want everyone to be ready to make a move on a stock that's been filling up the headlines recently: Tesla Inc. (TSLA).

Unsplash

Tesla stock losses topped $575 billion this Tuesday and investor patience is wearing thin. That's a near 50% drop since last November when stock values peaked at over $1 trillion.

Sorry to the Tesla fans out there, but this isn't a sign to buy in. This isn't a quality stock on sale. It's a stock heading into dangerous territory. TSLA's 50-day moving average is inching closer and closer to its 200-day moving average, and soon we could be looking at a "death cross."

If that happens, there's no telling how far Tesla will drop.

So it's time to sell, period.

And unfortunately, Tesla's not the only stock facing hard times ahead. Tech sector "growth" stocks that rely heavily on debt are going to keep getting crushed and may not recover to their previous highs as long as interest rates keep going up.