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Shares of Tesla (TSLA) are falling like a rock today, as Morgan Stanley reduced price targets to $44 from $70 - a decrease of 37%.

We called it last week in our article titled These stocks are Overvalu

exhausted

Great news today as the US Unemployment rate drops to 8.6%. You'd think equities would be way up today, but it looks like the steam has run out of the current rally...

As the market turns to overbought conditions, I'm looking at exiting short squeeze stocks and shorting or buying puts in the following overvalued stocks. Here is the screen criteria: