Happy Friday.

Happy Friyay!

It's another long day in the news, but at least people have the weekend to recover from what's been a crazy week in the market. 

Let's dive right in.

Tesla's Still Falling

TheStreet contributor Bret Kenwell looks at the auto company after it was announced that the SEC was suing the company and its CEO, Elon Musk. 

Here's what Kenwell had to say.

"It's interesting to ponder how Tesla Inc. (TSLA - Get Report) stock would be doing if co-founder and CEO Elon Musk had just left good enough alone.

It's looking more and more likely that instead of actually contemplating a go-private deal at $420 per share -- a price he believed his girlfriend would have found funny after rounding up from $419 per share -- Musk was doing it to twist the knife to short sellers.

The SEC is seeking a civil suit, meaning it won't result in jail time for Musk. However, the suit would likely result in financial penalties and may prevent Musk from serving as an officer or director of a public company.

Even worse, there's still the DOJ's criminal probe.

At one point, it looked as if Musk was ready to settle with the SEC. That's according to recent reports, where Musk would not have had to plead guilty, but would have to step down as chairman for at least two years. The deal would have also forced Tesla to add two independent board members.

Now that Tesla is up and running more smoothly and edging closer to production of 100,000 vehicles per quarter, perhaps Tesla could survive without Musk at the helm. But losing him completely -- particularly in this manner -- could be jarring."

Whew. There's a lot more there, but I wouldn't be doing Kenwell's story justice if I summarized it, so you can find it here

AMD's Rallying

TheStreet's contributor Jonas Elmerraji tackles Advanced Micro Devices (AMD - Get Report) . 

Stocks tend to trend, Elmerraji said. "More specifically, research by Yale Professor William Goetzmann published by the National Bureau of Economic Research in 2016 showed that 42 different stock markets studied from 1900 to 2014 supported that idea that markets that go up often keep on going up.

You don't need to be an expert technical trader to figure out that the general trend for AMD has been pointing up and to the right for most of the last year. More recently, though, shares have cooled off in September, consolidating sideways in a range just below the $34 level.

That's actually not a red flag; it's a pretty textbook example of a technical continuation pattern that could be setting the stage for another up-leg in the final stretch of 2018. 

AMD is currently forming a short-term version of an ascending triangle pattern, a continuation setup formed by horizontal support up above shares at $34 and uptrending support to the downside. Simply put, as AMD bounces in between those two technically meaningful price levels, shares have been getting squeezed closer and closer to breakout territory. When shares muster the strength to catch a bid above $34, we've got a pretty clear signal that buyers are back in control of things.

Risk management is crucial in any momentum name like AMD. Since the 50-day moving average has been acting like a rough proxy for this stock's uptrend since the summer months, it's a logical place to park a protective stop beneath. If AMD violates its 50-day, you don't want to own it any more.

Meanwhile, shares look primed for more upside in the near-term."

Oh, this seems promising. Might be worth a look.

Kavanaugh Day Two

I know, I know. It's still going. 

TheStreet's Tony Owusu took charge in covering the second day of the Kavanaugh news, which had the Senate Judicial Committee voting on whether or not Kavanaugh would go through to the next round after an emotional day for Judge Brett Kavanaugh and one of his accusers, Christine Blasey Ford. 

The committee of 11 Republicans and 10 Democrats will vote on whether to move the nomination process forward following a whirlwind day of testimony from Kavanaugh and Dr. Ford, the California psychology professor who is accusing Kavanaugh of sexually assaulting her at a house party in 1982.

Kavanaugh's Supreme Court nomination will head to the Senate floor for a full vote, but one Senator threw a curve ball at the end of the proceedings that could delay his timetable.

Republican Sen. Jeff Flake of Arizona tied his yes vote to the condition that the Senate allow the FBI a full week to investigate the sexual assault claim against Kavanaugh that was brought by Dr. Ford.

Committee Chairman Chuck Grassley reminded Flake that neither Flake nor he had the power to order such an investigation and that that authority lies with Mitch McConnell and Chuck Schumer; the majority and minority leaders of the two parties.

Friday's vote was the next step in the process of the most contentious confirmation process in 25 years. Kavanaugh has been accused by at least four women of sexual improprieties in the '80's.

Dean Heather Gerken of the Yale Law School is calling for a further investigation into the allegations levied against Yale Law alumnus and Supreme Court nominee Judge Kavanaugh.

The American Bar Association has also asked for a delay until an FBI investigation into Kavanaugh can take place. 

Whew. That's a lot of news to report. Feel ready for the weekend yet? I sure do. 

Have a wonderful weekend.