11am update - momo stocks having problems

Whilst the main market is seeing some late morning chop - after new historic highs, the momentum (momo) stocks are having problems. FB -3%, along with the usual suspects..NFLX, TSLA. Metals remain weak, and look set for much lower levels into year end.


FB, daily

TSLA, daily

Summary

*TSLA, now -5%, downside target remains 110/100. There seems little reason why it won't at least get down to there before year end.
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I realise for those short..this remains an incredibly difficult market, but hey...its not like any of us should be surprised after all prior instances, right?