Built Tesla Tough

An interesting dynamic is shaping up with auto makers, as Tesla zooms to session highs and threatens a major sustained breakout while Ford breaks down to fresh, multi-month lows today.

GM has been somewhere in the middle of Ford and TSLA. But, clearly. after bulls defended the $250 level on TSLA recently it has become the chic momentum play again, or at least is a serious candidate to be. The $270 level is next up for bulls to clear. 

As for the tape overall, a green Nasdaq is hard to argue against. Plenty of individual names were green today and are still acing well on daily timeframes. 

More in my recap after the bell.