All about the labor report tomorrow and whether the market decides that inflation is once again guaranteed to ravage the countryside like the plague of locusts that it is.
The manipulation here is market wide from a very high level. The large players decided that this market was overvalued and after the election euphoria wore off , they decided they wanted to play in the other direction. They are doing fantastic.
The FUD and news is relentless as they own or control almost all media. I have a number of stocks, mostly renewables, that are off an average of 50% easy from their highs just since February. Some of them are down almost 70%. The indexes aside, I do not see the broader market as overvalued at all at this point. But, as everyone knows, momo always overshoots in both directions.
However, the large players like to play the technicals as well. The simple fact is that almost all the stocks I have looked at today are bouncing off their lower BBs, or are slightly below them, TSLA included. A relief rally might be in the works, as soon as tomorrow. It will probably one of the 'sell the rips' variety. Not sure where we need to go for this to reverse fully...
If you invest on my say so, you are mad and poor. Buy and hold the companies you use and have conviction in. This works out tremendously over time.