No new trades for Tuesday. The charts below speak for themselves. Nasdaq 100 building downside momentum and is falling at about twice the velocity as the Dow. My bad for not taking the TSLA and GOOGL sell signals, having been "put" off by the expensive options for both. TSLA is down 50 points the Nov $300 puts would have doubled. Ouch. TSLA has major support around $250, which going into the close is being tested. There are 17 short positions in our trading portfolio, almost each one started out very weak this morning before recovering well of their lows. A few counter trend up days and we will start getting new sell signals as soon as the downtrends resume. Tesla Nasdaq 100 - Looks like more downside to come
