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ST: "the path of least resistance is anything but higher" .. except TESLA?


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#1 dTraderB

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Posted 13 March 2021 - 07:17 AM

"Most importantly, I have learned to focus not on what "should" happen, but rather what is happening.

Based on a number of conversations I've had this week with industry peers, including guests on The Final Bar, I put together the chart below. Each of the five series on this chart are bullish, by any measure. As long as these five factors remain bullish, I find it challenging to assume that the path of least resistance is anything but higher."

https://stockcharts....ay-bul-952.html

#2 dTraderB

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Posted 13 March 2021 - 07:20 AM

TESLA LT topping?

https://techcrunch.c...fiduciary-duty/

#3 dTraderB

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Posted 13 March 2021 - 07:21 AM

"Hundreds of covid cases reported at Tesla plant following Musks defiant reopening, county data shows
Alameda County had initially denied releasing the data, citing requirements under health privacy law."
https://www.washingt...nty-data-shows/

#4 dTraderB

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Posted 13 March 2021 - 07:24 AM

ATH even as 10YR YIELD SPIKES... market moves UP or DOWN based on basic market forces & sentiment

THIS WEEK'S ARTICLES
JOHN MURPHY'S MARKET MESSAGE
MEMBERS ONLY
10-YEAR YIELD IS SPIKING OVER 1.60% AND MAY BE HEADING TOWARD 2.00%
by John Murphy
10-YEAR YIELD EXCEEDS 1.60%...After a modest consolidation, bond yields are spiking again. The daily bars in Chart 1 show the 10-Year Treasury yield climbing 10 basis points to 1.63% which puts it at the highest level in more than a year...
Read More

#5 dTraderB

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Posted 13 March 2021 - 07:28 AM

3 % inflation is BULLISH for equities, for now: FED & STIMULUS TRILLIONS are more important, for now. Later, SELL THE NEWS will send market lower. Market now in final IT BULL PHASE.

"Rising Inflation: It's Coming, But What Impact Will It Have on US Equities?
Tom Bowley | March 12, 2021 at 09:56 PM
At the time of my last ChartWatchers article two weeks ago, the 10-year treasury yield ($TNX) had just closed at 1.46% after reaching an intra-week high at 1.61%. Well, we didn't stop there. The TNX had a big day on Friday, gaining nearly 11 basis points and closing at 1.64%, our highest since we closed at 1.65% on February 5, 2020, which was just a couple weeks before the pandemic-induced U.S. equity selloff began 13 months ago."
https://stockcharts....ing-bu-117.html

#6 dTraderB

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Posted 13 March 2021 - 07:32 AM

"One of the primary ways to determine the internal health of the junk bond market is simply whether more bonds are hitting 52-week highs or lows. A net New High - New Low reading above zero is good; below zero is bad. It's still good for now, but hanging by a thread.

Recent internal selling pressure has pushed the McClellan Oscillator for high-yield bonds down to a very oversold level. When this reverses up from a low level, our Backtest Engine shows that HYG has typically rallied, with positive returns a month later 76% of the time."

https://www.sentimen...-hit-this-hard/

#7 dTraderB

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Posted 13 March 2021 - 07:34 AM



https://www.cnbc.com...roads-ntsb.html

#8 dTraderB

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Posted 13 March 2021 - 07:35 AM

ST BULLISH

"IRS started processing stimulus checks Friday, money begins arriving in accounts
PUBLISHED FRI, MAR 12 20216:06 PM EST"

https://www.cnbc.com...g-payments.html

#9 dTraderB

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Posted 13 March 2021 - 07:36 AM

"Fundstrats Tom Lee sees another 9% run for stocks, says tech bottomed last week
PUBLISHED FRI, MAR 12 20212:00 PM ESTUPDATED FRI, MAR 12 20214:14 PM EST"

https://www.cnbc.com...-last-week.html

#10 dTraderB

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Posted 13 March 2021 - 07:42 AM

In Risk Portfolio, U will go bearish on BITCOIN via one of these ETFs, unless Bitcoin crashes over the weekend

https://www.benzinga...st-crypto-etfs/