The Dogecoin Days of Winter

Given the tune of many of his tweets over the last several weeks, seeing TSLA CEO Elon Musk make a substantial investment in Bitcoin this morning ought not to be too much of a surprise. Crypto-related stocks like MSTR have been screaming higher for a good while now, which begs the question of whether the massive gap this morning amounts to the cherry on top of the sundae for a blow-off move. Similar comments apply to the micro-caps in the IWC gapping higher for the third session in a row, this time free and clear above its upper daily chart Bollinger Band. 

Of course, these blow-off types of moves can go on a while longer. And the only interesting evidence I see this morning is the VIX suspiciously spiking higher amid the buying frenzy in equities. Even that, however, will remain academic unless and until we see an actual reversal lower which sticks. 

As for ideas in the here and now, DPW remains the catch-up crypto play to watch long

And FSLR and LMND, respectively below, are solid long setups into strength in sectors which should benefit from higher rates and higher oil prices.