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Tesla Motors Inc (TSLA)

A long-term relative strength downtrend in Tesla Motors (TSLA) shares appears to be ending. In the last few weeks, TSLA has rocketed up from the bottom of the red zone in the SIA S&P 100 Index Report and has climbed 70 positions in the last month toward the top of the Yellow Neutral Zone. Currently in 33rd place, TSLA is in its highest rank since September and is 7 spots away from a return to the green zone, where it has not been since January of 2022.

iShares MSCI Hong Kong Index Fund (EWH) & iShares US Basic Materials ETF (IWM)

In this edition of Equity Leaders Weekly, we look at recent weakness in Hong Kong and resource stocks.

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