It seems that “ride on Tesla’s coattails” didn’t turn out to be a great strategy. The sheer amount of carnage in the electric car space is a sight to behold.

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It seems that “ride on Tesla’s coattails” didn’t turn out to be a great strategy. The sheer amount of carnage in the electric car space is a sight to behold.

It’s said that good trading is supposed to be boring. I agree! I am already 100% short with zero buying power, and I’m going to kick back now and let it melt for weeks to come.
In any case, please see XLP, below, which is the Consumer Staples ETF. If this ultimately forms a head & shoulders top, we’re about 80% of the way there:
