 Welcome folks. This is the Tom O'Brien show and I am Jacob Thillman for Tom. He'll be back Monday everything today is red With the DIA down and DX accused down Gold is down thing we have up right now is the dollar and so we're just past that 102 mark Moving on here real quick So we'll see if we can get back up to this 105 area and see if 106 in play for the dollar But this guy has been rallying quite a bit. It's been pushing up It's been having this real tough resistance Since about March end of March beginning of April getting over that 102 hump. It did today nice big bar up So we'll see what happens obviously Tom was talking about it on Twitter today. Someone asked a question With the DX with the dollar running higher. What does that mean for us the market? Particularly gold so usually these guys have an inverse relationship So we might see a quick retrace of gold down to some level the GDX obviously is down 0.22 percent right now But wait and see wait and see what the dollar does Today One of the things I wanted to talk about the thing that is not red is first solar. So first solar makes Solar panels essentially and they just acquired a company called Eveler AB, which is a Swedish company They make the film that goes over Solar panels. So this has been huge as you can see this this jumped up 25 percent just today We were trading at what like around 180 before this news came out Obviously huge jump you can see it kind of retested this level The last date with volume from March 1st Just briefly dipped under it and then we came back up Obviously this major volume was on some news. That's outside of the technical with it But you can see it did retest that level the last day with volume and it crept up and it did that as well on the day Okay, so there I can my mouse is no longer working. Hmm. There we go. I love that Anyways, if we look go to a yearly on it have the next see It tested this level again right here Broke down briefly and then pop back up this time with no volume So we could probably assume that's in some way what it was going to do prior to this news But anyways, this got big. I think the calls on it right now are like at 1250 Expiring next week, which is pretty massive So the market still sees an upside in this stock even though it just busted through 25 percent obviously busted through massive resistance So give a little bit more on it Clear resistance around 220 and regained its 50-day moving average Since April the stock far extended from prior breakout past the buy point of 185 38 It was the best performer obviously in the SPX today Pretty pretty intense It's on track for its highest close since September 19th 2008 And then really solar stock in general has popped up today on this news. We look at Ray Let's see Raised up 15% this kind of is what happens, right? Like you get a big bust out in the market with one company in the whole the rest Everyone wants to get exposure. Maybe they don't want it in that stock I mean, is that is that really like a long-term thing? Ray hasn't done anything differently, and I'm currently and I looked I'm currently not aware of anything larger in the solar market that would drive a Like a sector-wide increase like this We can look at next tracker as well an xt That popped up again pretty similarly 10% and then we have Scholes And that was up 4% modestly at least But these are kind of the big ones at least in solar if you're looking for any kind of exposure in solar I would take a look at these again. That's a ray, which is a are y Next tracker at xt and then show technologies But we'll see if that last at least in the market as a whole I'm sure first solar will probably size a little bit to go up But again, if we look at kind of what it tends to do, which again, of course past performance is an indicative of future performance, but Still we might see a Little retrace in there sometime next week interesting nonetheless Another big news story we have is Tesla. They're having a recall of 1.1 million of Other vehicles in China there was something to do with brakes They weren't they weren't working properly and this is this has been an issue actually even in America for quite a while It just it seemed like it wasn't So spread across the or excuse me. It wasn't so like I guess Specified in just a batch like it was in China, right? I mean you had stories of People in California getting pinned against walls because of the brakes Obviously in China they've found this out. I think before anything too intense happened Everyone's like, okay, is this negative for the stock? Obviously this this stock is pretty sensitive to news I feel like and what I mean like that is you'll get a small Sell-off right? I think people look for reasons to try to play with this thing But then it does kind of tend to rebound again and you get its power I think what's interesting is the way that they're going to deal With this recall is they're gonna do over-the-air software fix Which is in my opinion if that goes flawlessly is actually a major bonus for Tesla to show that they can actually do this And nothing insane needs to happen and maybe in the future The vehicles themselves don't even need to be fully recalled if the issue You know isn't something so intense as as brakes So the cars started notifying drivers when they press the accelerator for an extended period Tesla sold 1.13 million cars in China from 2014 through March 2023 The acceleration issue has been a constant issue, but they've been able to kind of fix it a little bit again with these over-the-air updates, which I think For everything that you can criticize this kind of hyperconnectivity of the world and everything being online and the Internet of Things and so on That is a that is a pretty cool Component right like you can just get an update on your car Again There's implications to that in general, but I think that's kind of a neat thing What's interesting at least in the production in China they have an EV factory in Shanghai and That has produced 711,000 cars just last year alone And so that's more than half of the output that they have worldwide and it just shows you how in I think you know obviously big Tesla Exposure is in China And I think if they nail this properly and it doesn't affect the Chinese buyer too much this This recall I think this they're poised for another increase. We'll get back a little bit, too. He's leaving The CEO position of Twitter in my opinion. I think that's also another positive thing for Tesla as well folks stay tuned We will be right