2pm update - mild hysteria in TSLA

Whilst the main market battles to hold slight gains, the most notable action today is in Tesla (TSLA), which has earnings at the close. TSLA is currently +7% @ 173..where the 50 day MA is lurking. This will be one hell of a stock to monitor afterhours.


TSLA, daily

Summary

*I remain someone who avoids meddling in the 'hysteria' stocks like Tesla. I have zero patience..or tolerance for the bipolar nature of the momentum stocks.

Frankly. TSLA could be $200 in AH...or $130.

If I had to guess..I'm going with a major drop in AH, but hey...I'm sure not shorting it.
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Main market looks set for some minor weakness into the close. With no sig' QE tomorrow/early Wednesday, bears have their best chance for sp'1730s this week.
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