Just a brief note today.
Earnings season is still in full flow and the markets are still bullish, making new highs.
For those who have access to our OVI charts, on some PCs you may see the security warning for the Java OVI charts. This is quite standard and it is absolutely fine to click OK on this.
Also, keep an eye on TSLA. Earnings is on 5th November and the chart is forming a mini head and shoulders with support at $158.51. TSLA has had a meteoric rise, more than sixfold in 2013. Sales are rising, but at some point earnings has to deliver too because remember, the automobile market is hugely competitive and old brands like Ford, Toyota, GM, BMW all have huge power and can take on TSLA. My prediction for the stock is more volatility and that will give us opportunities to play.
All the best
Guy
