Tesla Shunned by SP500
TSLA -6.89% after hours
In what will appear to be a stunning blow to many who have front run the “certainty” of this addition, (most certainly not a surprise to all those loaded shorts and put buyers the last few days) the S&P Dow Jones put this statement out late today:
The biggest loser, well obviously none other than Tesla Inc. which perhaps explains the recent mega selling wave that has hit the stock. For all those that still believe in the “all information is known by all parties,” well not so much and we hope you are gaining insight into how the system really works. If you think a few parties weren’t privy to this, well then just go bury your head back into the sand and think happy thoughts, Magnelibra long time readers know better.
Tesla after hours activity has it right back down to that $384 area which is the 50eMA support zone. Let’s just see how many bailer’s show up on Tuesday shall we?Tesla after hours trade courtesy of MarketWatch.com:
With the long weekend upon us, Magnelibra will be back with Friday’s settles and market comment and will send out the GFBP Positions Tracker to our full subscribers before Monday nights open. We hope you enjoy the weekend and we are sure there will be many talking heads spewing this reason and that for this weeks action. Sometimes we just like to chalk it up to something as simple as, “a few big players locking in profits” that’s all.
Also we had some comments on why we didn’t mention today’s employment report, well we felt that one, the numbers aren’t really that important and two, the markets are fully priced for them at this point.
We like to post things that we believe really matter and make a difference and just so you know, the BLS numbers are manipulated and we would rather position our data and information on relevant clean data!
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