From Yesterdays Post:
“The short covering in TSLA ( when shorts need to close their positions and essentially “buy” whether they like it or not ) has now propelled the stock to the stratosphere, with Tesla now having a market cap higher than both ford and GM – COMBINED?? They’ve only sold 400,000 vehicles!
I loooooove Tesla, but the amount of “hot air” now, has this thing floating out of our atmosphere where the air starts to get thin…..really thin.
Regardless…..today will mark the very first day of a new DAILY CYCLE in equities where in…….we can generally look at anywhere between 18-21 days of upward activity “unless” this thing rolls over hard this afternoon or tomorrow morning.”
Let’s talk about March…..