Another night of trading accomplished but this time round in a tough ranging mode where the market moved sideways the whole night while many underlying stocks were turning red. As you can see from the Top Volume, most stocks were red while only a handful were green. Tesla after running up about 13% for the last 3 days started to experience hairline cracks where the stock sold down for 4%. The rest were just hanging on as in the 5 minute chart of the Nasdaq, it seemed as though something major is about to happen. The question is will it trend higher or tank lower? To be honest, I am also searching for the answer too and that's why I traded last evening to test if the market has more strength or weakness is about to emerge. Let's see.
