TSLA…again

Tesla is a stock that best epitomizes the zeitgeist of the overall stock market for the past few months.  Despite a fair amount of skepticism, both Tesla and the general stock market continue to ratchet up. They have both surpassed inflection points briefly created by equivocating chart patterns.  We will discuss the nature of the overall markets … Continue reading TSLA…again

TSLA, MS, PHX Updates

Some further updates on recent commentaries.  We had observed that TSLA encountered significant resistance at the area of previous highs.  What was more compelling was the weekly candle that resulted from the price activity.  As we noted, it appeared to be a doji bar which indicates reluctance and indecision for prices to continue in the established direction.  … Continue reading TSLA, MS, PHX Updates

Looking For Clues

We've discussed the strength of the overall U.S. stock market numerous times as supported by the very positive internal statistics.  Advancing versus declines, new highs versus new lows, numbers of stocks in the positive bullish percent column, all have been  supportive of the strong advance since mid November.  The lack of volatility is the real … Continue reading Looking For Clues