We’re still holding our Sellers’ Bias as long as the volume stacks up convincingly against the Bulls. Price action for more than a year now has been like a boom-a-rang that keeps coming back to the Bull’s hands.
No one, including us, will be surprised to see the major averages hit new highs. Bears are getting slaughtered here. We’ll piece it together once those highs are made.
On the long side, we’ve been big believers in Tesla Motorsk Inc. (TSLA). The stock has broken north of a sound base. Its new product and earnings trajectory have the makings of a historical winner. More on this later.
In the meantime, stay safe. Keep your powder dry.