GM and Palladium: Interesting chart

Oct 23, 2018

We have a sizeable spread in GM vs XPDUSD currently, and price is trending up strongly in daily and weekly XPDUSD.
If price breaks into new highs here it could be flashing a strong signal for auto stocks, so I wouldn't be shocked to see GM gain steam from there onwards.
I'm currently long GM with 10% allocation and no stop loss, but also no leverage. Looking forward to see the outcome of earnings.

Cheers,

Ivan Labrie.

Oct 24, 2018

Trade active

GM long in good profit, 0.4R so far.
I'm looking to add sub 31.87 ish.

XPDUSD broke out into new highs, spread between the two instruments reached critical mass I believe.