Scott MartindaleStocks continue to trade in a sideways technical consolidation just below their highs. With the start of earnings season underway, investors appear to be looking for a catalyst for some renewed buying that can launch a bullish breakout.

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I doubt that this will come as much of a surprise even to the most bullish Tesla Motors, Inc. (TSLA) investor.  The irony of incorporating lyrics from KISS, a band which has made a very nice living on hype and theatrics, shouldn’t be lost when relating to Tesla.  Co-founder, Elon Musk, an inventor and entrepreneur who isn’t shy about hyping his cool electric vehicle into a $21 Billion valuation, said the following after Q1’s positive free cash flow claim:

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Editor’s note: Walt Gault is the guest author this week. David Brown will be back next week.

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It's a Conundrum

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Slow Holiday Week Ahead

by David Brown, Chief Market Strategist, Sabrient Systems

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