It’s Still Winter for Tesla Bears

I suppose it would not be a bull market without every last stubborn short taken out in a body bag, as we are seeing in the Tesla move this week. Parabolic moves higher can go on for a while, especially in a stock as heavily-shorted as Tesla, so I am not looking to step in front of that train yet.

Elsewhere, Chipotle is still teasing a breakout over $561, seen on the daily chart below.

Apple remains quite weak while Baidu is firming up, as is CTRP. Twitter is getting interesting to me on the long side as it tightens up here.

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