No change in my overall market view from this weekend— market in general is poor risk reward to be long here. That is NOT an outright short signal by any means. It is simply what it is— a cautionary note.


Given that I do have a stock I believe is going to move lower and that is Tesla (TSLA $294). The stock recently had a X-Ray sell signal and Monday it took out last week’s low. Options are expensive in Tesla, but that can be an advantage for some bear spreads, which is what I will be looking to employ on this stock.
Thanks,
Joe
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