The biggest name in earnings after the close:

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When in Rome, I guess………….time for a couple of long ideas.
They’re both quite similar: (a) electric car makers (b) much less famous than Tesla (c) beautiful bullish bases. I present to you Nio and Rivian:

Yesterday I did a premium post in which I suggested Tesla (which was up BIG yesterday) would be conking its head against crucial resistance by way of a Fibonacci level.
Well, so far, so good. The fact Tesla is down at ALL is kind of a miracle in this “new lifetime highs every single day” market, and it’s good to see that even in this environment some classic setups can still actually work! My stop-loss is at 395, and I’m just going to let it ride.

So, was that the sign? Allbirds? Seriously?
As a reminder, the maker of wool shoes (can you imagine the smell?) pivoted from selling the aforementioned shoes to becoming a company that provides Nvidia-powered servers to AI companies.
Makes sense, right?
Anyway, BIRD is down over 50% from yesterday at this exact same time.
