03Apr3:47 pmEST

Stormy Weather in Shortville...and Small Capville

I see Elon Musk is enjoying himself today at the expense of the numerous Tesla Motors' short-sellers. 

Clearly, TSLA is a beautiful sight to behold for bulls in this tape today, especially.

On the updated weekly chart, below, for example, note the three-year consolidation just now attempting to resolve higher. If that does not put legitimate fear into the minds of TSLA shorts, then they are either reckless or they know something we do not. 

That said, the small caps in the Russell 2000 Index are still down 1% for the session as I write this, even with the mega caps in the Dow nearly green. That strikes me as being a risk-averse tape, as the small caps endure some stormy weather even as dip-buyers step into the stodgy Dow names.

More in my recap after the bell. 

Bloomin' Onions Yield Bloomi... Stock Market Recap 04/03/17 ...

 
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