Bullish Set Up: Tesla Motors ($TSLA)

Tesla is at a multi-week high approaching some long term overhead resistance (see weekly chart below). The stock has been forming a bullish inverse head and shoulders pattern. Look for the stock to test the neckline at $35 or so and move higher. I see a tech target price around $43.

Calls: $AMZN, $RCL, $SXC, $LCC, $GLD

Bearish

Bullish, at a buy point

Bullish, IF oil prices behave and stabilize.

Bullish, if it can stay above 14

Likely a panic sell, supply could quickly get taken up again.