TSLA makes more trading credits than making cars so makes sense that the company has a focus on all Government environmental credit plans.  I doubt this Reuter's story about renewable credits explains Elon's flip flop on bitcoin but, who knows;  Matt Levine has a humorous take on the market moving Elon tweets in link attached.   Long Excelcoin :)

News this AM that most of the Chinese manufactured cars (last quarter) were exported.

Money Stuff Link

TSLA ... ha ha like how Elon `caved` to logic after Tesla cashed in for a $100 million profit on the bitcoin craze

Google search to see if Tesla actually sold any cars for bitcoin and only came up with this article on the complexity of the process:

coindesk article link

excerp:  Now that is inflation when a $103K car ends up costing $4.7 million :)

While Lamborghinis have long been the objet petit a  for many bitcoiners, those who have made the purchase – or any purchase – often come to regret it. In 2013, someone purchased a $103,000 Tesla Model S Performance for 91.4 BTC. Those coins today would be worth $4.7 million.

Asked whether there has been any interest from HODLerssince Musk tweeted this week, the Tesla representative said, “Not quite sure if anything sold yet in bitcoin.”

"car " company charts for comparison,  similar spikes and pull backs...  looks like P/E ratio is typically < 20  so TSLA long term target is about $20  :)

PINS & TGI ... update 

Short positions playing out,  PINS risk is chatter about potential MSFT buyout so hedge would be prudent

MSFT has it's own break down to a potential support range now.

XBI still in confirmed downtrend _ selling Calls works too

Based on the daily charts my take is to sell the rallies in XBI  daily MA and trend is bearish

LABD/LABU in and out burgers

Inflation up tick- a surprise to the markets...really?

Guess nobody on Wall Street has been buying groceries or gasoline for the last 9 months :)

9mnth charts with approximate % gains  for DBC, DBA  

$TNX +3.94% today

JNK break down,   TLT break down

Inverse SJB, TBF

ATRS  long setup

falling wedge with bounce off support, tight stop with buy in pattern or on break out

earnings beat and low P/E for a pharma small cap

QRTEA

sling shot out of coil, earnings beat

playing Call options from bottom of coil, scaling out, ST target measured move

PTON ... H&S confirmed with neckline break

OUT big red candle today

close to breaking down from rising wedge, double top?

MA ribbon still in bullish uptrend,  momentum dropping, watching for MACD cross and STO break and CMF to red

GRBK  crash and burn

earnings report did not meet expectations

lucky it just  hit my target sell on May 3, may be due for a bounce RTM after this "correction" :)

TGI short

broke down from consolidation

fundamentals look terrible but, institutions appear to like the stock for an airline turn around

-ve earnings, -ve operating margins and  -ve book value  but, up  450% from 2020 low  (Mar high was >600% above 2020 low)

one of those market mysteries as to why the company still exists - down trending since 2013 high of $82.66

Easy solution ... pay for a basic level  :)

You should be able to get a good return on your money using the added features and resources.

PINS losing support

Stockcharts - to save your indicator settings you save the chart you have made using  "Chartstyle"  (line below the chart )   use the "Add New" options and provide your own title.  You can then select the chart style and it will be applied, i.e. if you open a BPT chart link you can then select your chartstytle and it will be applied. for the active symbol.  Alternate is the save your chart style as the "Default"  the default is used for all initial chart opened from links.  

MEG.TO _ oil and gas

sym triangle breakout similar to XLE pattern

PTON ... potential H&S top if it breaks down

daily and weekly have a potential H&S;   next earnings due May 6 (AMC) so may be the trigger

conservative measure to $50 +/- bias is definitely to the down side

PTON daily chart link

NAVI update with two day pop

over the upper BB so likely to pull back short term, adjust stops, take profits, trade your plan

should still have more upside potential with 3.8% div yld and P/E of only 7.79

NAVI daily chart link

Yes; for the YOLO crowd you just have to roll with the punches :)

Always be buying ... follow the money.  70% can't be wrong.

Lin to CNBC`s Kelly Evans "There are no dips"