Continuing with the short-term there is a confluence of higher interest rates and lower equity trends that merit attention. In particular, IYR looks to be leading to the downside. If this pans out, it would be a first for this leg of the bear market, confirming some worse case scenarios. US 10 Year Yield Hourly breakout above 4.00%, but then pulled back. Monitor for follow-through. Point & Figure Hourly Breakout SPY - The suspense is maddening; collapse now or one more leg up? QQQ another index looking for follow through to the downside IYR Weak, weak, weak. Mid-60's, minimum, by Jun 16th expiration. TLT Bond ETF Intermediate On A Feb 10th Sell No surprise that Bond ETF is tracing out identical bearish pattern as IYR. Does not bode well for Stocks, Bonds, Junk Bonds, Nasdaq, or Bitcoin. TSLA A lot more to say in the days following today's big presentation and the next 24 hours belongs mostly to short-term traders trying to position themselves for what they hope is easy money. Fortunately, we don't recognize hope as a legitimate indicator. Elon will lay out the future for the company in the hours to come, we just have to figure out how to best leverage our capital to make the most of it. Been there, done that, ready for Round II, or as he puts it, Master Plan 3. Tesla’s $310 Billion Surge Sets High Bar for Elon Musk’s Master Plan
