Earnings will suck... they are gonna lose money Yet another pennant breaking to the down side if the market goes lower... The rest of transports (IYT) have the same pattern
DM projection sends us to monthly roof Camarilla R4 level. Right now we are at the monthly pivot (coincides with R1) as you see. If setup fails we will end up at monthly S3. It should not. Things make sense here. Gaps work the best. This is no financial advise.
Dates in the future with the highest probability for price direction reversals
Hi, today we are going to talk about General Motors and its current landscape. General Motors is poised to receive increasing attention from the market as relevant events are taking place. The auto sector has signaled a yellow flag for the market as a confluence of data raises the inherent risk of the sector. The US Auto Loans Delinquent by 90 or More Days for...
General Motors with Fibonacci Retracement: .618 - $36.50 .5 - $36.66 .382 - $36.82 MACD Shown
Despite the fact that GM is expectin things to be back to normal in a few more weeks, the strike cost General Motors has already reached $2 billion in production and cost employees nearly $1 billion in wages. One of the custimers said one vehicle was in the shop for 28 days waiting on one part to come in. Quick reminder: United Automobile Workers (UAW) has...
Wave 2 (Blue) which started on March, 2019 supposedly finished on 1st Oct, 2019 at 1.4415 and long wave 3 has started. Buyers can enter long from current price or better targeting 1.51 - 1.52 area. Stoploss will be just below the recent low.
This is not investment or trading advice. Always do your own due diligence. GM is obviously trading upward within a rising channel over the shorter term. I plan to trade the rises and falls, so long as it respects the channel. I do believe it will break to the downside ultimately. The company, over the longer term(10yrs) isn't going to be appearing in my...
GM’s innovation outlook is trending up based on a current score of 89 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is neutral. GM is an Average Performer in terms of sustainability. It is most exposed to Enel SpA as its supplier. Over the past 4 quarters GM beat earnings estimates 4 times and it pays...
Another big news story this weekend: GM employees begin strike this evening (Sunday). I think fundamentally this will hurt GM short term, and provide for some good shorting opportunities. I will watch it in the morning, as I expect a gap down. I then may enter on a retest to ride it down further ... Possibly to the next big support area.
Two Fed members have already signaled a reluctance to cut rates in Sept, but the market decided to melt back up today regardless. The Big Kahuna, Powell, talks tomorrow in Jackson Hole at 10am EST. Appears there are some that are expecting him to pump the market again because he did the last 3 speeches. Based on Fed meeting minutes and the other members, I...
General Motors - Developing a triangle pattern
Red wave c of blue wave ii is developing. Ideal target for this wave should be near 107-50-107-20 area. Sell@ Market or Better SL: 110.75 TP1: 108.28 TP2: 107.68
GM is going to move big one way or the other on Mexico. I bought puts this morning, but this would be a good spot for a straddle. I might hedge at the end of the day and buy some calls. The other obvious Mexico play is EWW.
Trendline now act as resistance. Seller can short position at 1.1160 or better targeting 1.1107. Stop Loss in this case is 1.1191.
Have a great day all