This is a link to the Special Update that went out on May 12th, just before the Dow fell 1,000 points into Thursday's pivot low: Special Update. In summary, a counter-trend channel had been broken and the market was set to fall in sync with the dominant downtrend. It did. A closer look via the 15 minute. chart Dow Jones Industrials Average - 5 minute The importance of this last chart is the the break of the the channel rising up from Thursady's low. Once broken there should be nothing but air below and the March 23rd low becomes the next target. The Dow could meander up further, but a solid break below 23,500 would be an "all-in on the short side." The Big Picture - Dow Jones Industrial Average - Daily Price Bars Options As for TSLA, it appears that Battery Day will go well beyond powering Tesla's line of vehicles to powering the world: Exclusive: Tesla's secret batteries aim to rework the math for electric cars and the grid With a global fleet of more than 1 million electric vehicles that are capable of connecting to and sharing power with the grid, Tesla’s goal is to achieve the status of a power company, competing with such traditional energy providers as Pacific Gas & Electric (PCG_pa.A) and Tokyo Electric Power (9501.T), those sources said. Game Changer Game Plan Buy the shares first, than add mid-term (2-4 months) calls as the trading system(s) generate Buy Signals. Whatever else you may gain from this service, make sure it is at a minimum a vested interest in the future of this company.
