TSLA swooned after it released its earnings Tuesday night. When a leading stock like TSLA plummets, it can be an omen of things to come. It remains to be seen whether SCTY can hold on after it reports Wednesday night.
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17th day of QQQ short term up-trend; Elon Musk’s companies TSLA and SCTY shine.
Little did I know that TSLA, which I wrote about on Sunday night, would rebound in one day! Now, what will it do when earnings come out on Tuesday? And SCTY reports this week too. SCTY retested its green line break out and soared on Monday.What do SCTY and TSLA have in common? Answer: Elon Musk at the helm.
15th day of QQQ short term up-trend; Worden T2108 backing down
The Worden T2108 indicator is now coming down from the high levels where it often tops out. While this does not necessarily signify a market top, it does show weakening in the NYSE stocks. Check out this weekly chart.
