I mentioned yesterday that Tesla’s inability to participate in this insane tech rally is a huge “tell”. Even on a day like this, in which the /NQ is raging higher, Tesla is very weak. I think there’s more of the same coming.
![](https://slopeofhope.com/wp-content/uploads/2023/11/slopechart_TSLA-2-640x342.jpg)
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Did you know that there are almost 7,000 satellites orbiting the Earth today? Governments, surprisingly or unsurprisingly, are not the key owners of the technology. SpaceX is the clear leader at the moment, with roughly 50% of satellites in orbit. By comparison, the U.S. and Chinese governments make up a 4% and 5% share. Slope’s favorite Amazon founder is attempting to nip at Elon’s heels though…
Good morning from sunny Tennessee. As I turn on my screens this morning I see red on the futures. /RTY is down about 0.50%, and probing yesterday’s lows. I think today will be an important session for /RTY, as we look to see if the pullback from last week’s strong bounce accelerates, or if we reverse back higher to make a run at the key POC cluster of resistance between 1775-1783.