Looking at oil v tsla and tsla v spx
Just an observation, CVX/TLSA (top) had a double bottom at .10 - during this time, tsla made new highs relative to SPX(bottom)
Interestingly tslaspx is headed towards new highs it looks like while CVX/TSLA is hovering around 0.15
The fact TSLA was 9% higher due to a stock split is laughable, and shows just how absurd these markets are.
I think the trend of CVX/TSLA is just getting started...from a longterm perspective it really cant get much more exhausted and finally people are waking up to how important oil still is in context of global energy.
Just an observation, CVX/TLSA (top) had a double bottom at .10 - during this time, tsla made new highs relative to SPX(bottom)
Interestingly tslaspx is headed towards new highs it looks like while CVX/TSLA is hovering around 0.15
The fact TSLA was 9% higher due to a stock split is laughable, and shows just how absurd these markets are.
I think the trend of CVX/TSLA is just getting started...from a longterm perspective it really cant get much more exhausted and finally people are waking up to how important oil still is in context of global energy.