TSLA Is A Buy

TSLA Is A Buy

Those of you who have followed me for a long time probably thought you’d never hear this: Tesla (TSLA) is a buy. My beef with TSLA was always that it was significantly overvalued but that is no longer the case….

Revisiting Thursday

Revisiting Thursday

It’s been a few days since last Thursday’s stunning reversal giving us some time to sort out what it means. As predicted some found technical analogies to support the idea that the price action suggested a bottom was near. The…

Fade The Rally

Fade The Rally

Monday after the close I suggested that the NASDAQ’s rally off last week’s lows might be petering out due to rising interest rates and resistance at the 50 DMA. Tuesday’s 1.95% rise in the NASDAQ combined with the continued rise…

Is The Bottom In?

Is The Bottom In?

The powerful three day rally from Tuesday through Thursday has generated a lot of excitement and speculation that the bottom may be in. The NASDAQ is up more than 1,000 points (8%) over that span. Grant Hawkridge tweeted a nice…