TSLA Special Alert From Baron Funds (On Twitter) "On Tuesday, June 9 at 7:30am, Baron Capital CEO Ron Baron will appear on CNBC’s “Squawk Box” to discuss his outlook on the markets and the U.S. economy." TSLA shares spiked to an all time new high on Ron Baron's last CNBC appearance, running from $673 to $969. Then the shares got caught up the 35% market decline in Feb-Mar, falling to as low as $350 before recovering to its current price of a $885. TSLA traded above $880 on Friday, generating Short-Term Buy in both its System and Stochastic Trading Models. -------------------------------------------------- All The Kings Men The chart immediately below is of the S&P 500 as of Thursday. We were looking for a successful break of the smaller trend channel and ultimately the larger trend channel, both coincident to a Stochastic Sell Signal: Instead, we got this fake out break and then reversal off the bottom of the lower trend channel on Friday's big gap-up day: The arrows above show where the S&P found support (lower trend line) and then on Friday found resistance at the convergence at the upper trend lines of both channels. Once again the stochastic is primed for a Sell Signal and it could come this week. If generated, initial target for the S&P is the lower trend channel. some 75 S&P points lower. If the, "Wave 3 new leg down," scenario were to unfold, that top arrow pointing down will have nailed it, with an initial target of 1,000 S&P points down, and 9,000 Dow points lower, i.e., the March 23rd lows. The Big Picture Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall; All the king's horses and all the king's men Couldn't put Humpty together again.
