There was no notable borrowing activity visible at Fidelity today. Not too many shares available for shorting, and I did not catch any blocks of shares added in pre-market.
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Well that would be logical. However with short interest at 32% + all bets are off
Tsla could move explosively to the upside with any major good news and go parabolic sometimes this year
I don't want to get *political* but I am more bullish now than I was at the time that we knew the election results. Did anyone here think EM and Trump would *appear* to be BFFs??
When you look at it now it makes perfect sense. But, then.....my initial reaction was to sell. Glad I did not.
We are bouncing around the top of the channel close according to my ruff graph....could we be moving up to a parallel one where the previous high is the new low?
I don't want to get *political* but I am more bullish now than I was at the time that we knew the election results. Did anyone here think EM and Trump would *appear* to be BFFs??
When you look at it now it makes perfect sense. But, then.....my initial reaction was to sell. Glad I did not.
Do us a favor and change your ruff graph. Go wild.
And yes, max pain is acting weird since yesterday. Like the data is incomplete.
So 245 pin today? Could also be construed as consolidation in the vicinity of the downtrend line that others have mentioned (250 give or take). This is more bullish than a hard rejection of that area in my opinion. We basically hit that area yesterday. Not seeing a sell-off so far.
The negative part of that speech was the attitude of America will do what is best for it and the rest of the world will have to deal with it. National protectionism is something the market dislikes.
I think the markets close mostly flat for the day.
I've always said "What's great for AustinEV, is great for me!" (Note: Rhyming does not = poetry)If we closed right now at these levels ($245) that would be a great day and very bullish. Confirms the rise from yesterday. We spent MOST of yesterday below this level. Consolidation here for a day or two sounds great to me.