Tuesday winner: Tesla?

This company has no real revenue, a car company without a manufacturing plant. Fundamentally, this is the king of el stinkos. But a green-energy car maker has a certain attraction to a segment of the investment world. Not me. Even if I were a billionaire, I'd think twice about investing here. Tesla is two years away from hitting stride; part of the reason it went to an IPO today was to raise necessary dollars. During those two years, other automakers like Nissan will unveil electric cars of their own.

Tesla  (TSLA) closed at 23.89 today, up 40.53% from its original price. It opened after 11 am Eastern at 19.00, dipped to 17.54, and rose after that. I'm not crazy enough to play an IPO on a day like today, so to those of you who played TSLA for a nice pickup, kudos.

TSLA 1-day chart (5-minute bars)

TSLA 1-day chart (1-minute bars)

TSLA vs. F, VXX, S&P 500

Clean energy works on Samso Island

The Danish island is 100% off crude oil.

Something maybe Hawaii could do.

Sellers seize last bastion

UNG bulls battled the bears mightily as the price rose to an astounding 8.47, but the sellers are winning now. Price has been driven down to 8.28 as profiteers jump ship. To be expected, of course. Safe handling can include trailing stop loss on a hot potato like this.

That leaves just a handful of winners on the bull side, like EBAY. We could see -300 on the Dow by the close. We could also see +100. I wouldn't bet against either.

Nat gas plays were done on the bull side much earlier today with the exception of UNG. Only the brave and foolish mess with this from this point. Next week? New start for the natty gassers as projections take root in the new Obama-led clean energy era. The spec trade will turn into the value trade, barring global insanity.