Well, if I may offer the bears a faint wisp of hope – – and God knows we need it – – International Business Machines just had a massive failed bullish breakout pattern.

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Well, if I may offer the bears a faint wisp of hope – – and God knows we need it – – International Business Machines just had a massive failed bullish breakout pattern.

In the midst of this insane mega-rally this year, there’s one big stock that’s being left out in the cold, and that’s very-sketchy drug giant Pfizer (PFE):

Well, my friends, may God have mercy on my soul, but I have gone “all in” on what I’m hoping is something we will call “The Tesla Top” in retrospect (if not, we’ll have to come up with something clever like “The Final Reaming of Tim“, but we’ll see). In any case, trust that I’m focused on making your SlopeTalk experience as amazing as possible. Lots of tickets to conquer, Slopers!

Yep, we’re going to talk about Tesla again. Why? Two reasons. One, I’ve found that financial instruments are like people – – you get along well with some, and not-so-well with others. My experiences has shown me I get along with Tesla. I tend to understand it. The second reason is that I believe Tesla’s behavior is enormously influential to the psyche of the entire stock market. Now that we’re past the TSLA earnings report, we can consider this effect, which at the moment is very positive.
