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Pastimes : The Beaver Lodge -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (2330)	2/22/2021 10:02:26 PM
From: stuffbug	Read Replies (2) \| Respond to of 2936

Tesla appears headed to $600 area; then there is that Nov gap at $409, the beginnings of the melt-up. I have a bull / bear algorithm that calculates a "pivot" level; Tesla has closed below its pivot every day since Feb 10th. On the way up, it never closed below the pivot until Jan 29th, 4 days after the all-time high. Current pivot is $788 (daily chart) and falling rapidly. Volume and moneyflow also turned negative around Feb 10th and appear set to accelerate. Tesla needs to stabilize around $700; otherwise the downside could get real ugly. Love Nutrien - missed out adding to my holdings in the 40s (usd). Current short term trend is bending; maybe we get a chance to pick up some shares in the usd $50 area. For the junior potash play, Verde (NPK) is acting very strong, possibly on the verge of a breakout. If the breakout fails to materialize, a pullback to 1.10 would provide a decent entry. Re-purchased a little Sienna after the earnings were released. Looks like I bought them back a couple percent lower - add in the missed dividends and it's probably a wash. No further ahead. S&P futs closed under the pivot (3899). First "under" close since Jan 29. Could be staring at a short term market correction here. All stocks in parabolic moves are in danger of crashing on the rocks. IF the energy party continues for another week, I will be looking to cut back my exposure significantly at the first sign of any weakness.