Gang of Six – Surge Higher as the Markets Assume the Duck and Cover Position

Gang of Six Roar Higher in the Big Squeeze as the Markets Assume the Duck and Cover Position The Gang of Six (AAPL, FB, GOOG, LNKD, NFLX, TSLA) came out of the gate on Monday with more short positions needing to be covered.  After a take no prisoners vertical climb, TSLA hit new all time highs at $173.  The high volume leans heavily in favor of capitulation as margin calls triggered market buy orders.  Today’s parabolic ride got kicked into gear on the heels of a media report stating Tesla was beating Volvo and Porsche sales in California.  The rally to new highs may have been cut short when Howard Lindzon courtesy of the same media outlet said: “He is not chasing shares of Tesla here.  Tesla car’s are the iPad of the auto market.”   For those who may not know who Mr. Lindzon is:   “Howard Lindzon  financial analyst, technical analyst and super angel investor. Lindzon manages a hedge fund, serves as managing partner of the holding company Social Leverage, lim

http://www.indicatorwarehouse.com/96250/gang-of-six-surge-higher-as-the-markets-assume-the-duck-and-cover-position/