Not really my cup of tea – – actually, my cup of tea is, in fact, a chai latte – – but worth noting for any longer-suffering ursine brethren.

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With the market reaching lifetime highs day after day, it is remarkable that Tesla (TSLA) is steadfastly obeying the power of the price gap, the Fibonacci, and the trendline. This is a powerful trio, and in the context of a mega-bull market, it is quite revealing that TSLA is acting so weakly.

March seems to have embraced the same theme that February, January, December, and November did: let the semiconductors drag the market to lifetime highs. One individual example is AMD.

It probably doesn’t behoove me to bellyache and whine about the market, but at this point, I can’t help myself. Just take this week: we have gone NOWHERE. There have been plenty of annoying wiggles along the way, but honestly, the /ES chart speaks for itself. It’s like they might as well have come up with another bogus holiday, this time a week long, just to skip it.
