Whilst the main market is seeing moderate chop (increasingly leaning weak)... there is notable weakness in Tesla (TLSA) currently -4% in the $213s. Next support is around 200/195, and its somewhat amusing to see one analyst on clown finance TV already touting a return to the $140s.
re: TSLA. I actually like the company.. great product line, but the reality remains.. it doesn't make a profit.
Despite a planned massive ramp in production to 500,000 vehicles by 2017/18.. that remains a plan.. and for the moment, Mr Market is not content.
A further capital injection is going to be necessary to fund this loss making company. Whether that is via new shares.. or just adding to existing debt.... difficult to say.
In any case.. TSLA looks headed for 200/195 in the near term. A return to the Feb' low in the 140s looks a pretty easy target... and that doesn't even assume sp'1600s.
As for the main market.... choppy... a minor daily gain looks probable.... with a move to the 2030s tomorrow.. which should equate to VIX 18s.
It remains the case that bears should pushing for a daily close in the 2020s, to give some initial confidence that 2111 is a key mid term high.
other notable weakness... AAPL, daily
Sub $90s look due this summer... next target is around $70.