On March 24, 2017 the General Motors Company (GM), crossed above its 150 day moving average. Historically this has occurred 20 times since 2010. When this happens, the stock gains a minimum of 0.475%, has a median gain of 5.466% and maximum gain of 16.159% over the next 24 trading days. On March 23, 2017, the stock broke below the 150 moving average and broke...
$GM is currently trading at the top of its price channel and is forming a shooting star pattern on its daily chart. Furthermore, it's also forming a sort of "micro" head and shoulders pattern with the two previous channel highs. Looking at the hourly shows decreased volume, declining MACD, and declining RSI from yesterday. Combined this presents a very strong...
GM is an excellent company to own for the long term. That being said, outside of a core long term position in it (something like 10% is perfectly fine), we can also trade and profit from volatility, both on the long side (adding trades with trailing stops, and adding to winners) and on the short side (selling calls against our long term longs to profit from...
This is how my equity portfolio looks on the long side -plus a stake in $RVLT-. I also have shorts in $NVDA and $NFLX, which -if we consider that $CEF and $TLT are pretty much like shorting the market-makes my portfolio 51% long, 1% in cash and the rest 'short'. I'll hold this for the time being, watching the developments here onwards. Good luck, Ivan Labrie.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
This is only a trading capability - no recommendation !!! While january`17 maybe i`ll confirm or change my opinion :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
GM is a great long term long, and good beta exposure for your portfolio. Earnings yield is terrific, the weekly setup presents a long term uptrend in place, and it's at a good location to enter longs now. Again, size it to fit your risk criteria, but like the rest, 2% is fine. You can buy it gradually over a couple days too. Good luck, Ivan Labrie.
Historically when the RSI breaks above this level, the stock continues to gain at least 1% more. In looking for the next trendline and resistance level, a conservative level would be above 38.00. While that level is likely the safer play is a call with anticipated movement to at least 37.67.
GM extends bullish momentum following better-than-expected auto sales report for November.
GM, being a high beta stock, really moves, when it does and I think we could see a pullback here before more upside, so it's a good idea to either sell calls against your longs, or simply taking profits and waiting to reenter longs lower, against support. Good luck, Ivan Labrie.
GM back above 30 day WMA. Could be a short rise but profit to be gained.
Go long GM if we break out above last week's high here. Stop should be under last Friday's low. Valuation is excellent for buys in GM, since they are currently extremely profitable and with great yield at these levels. We can expect a nice rally to 33-35 without much problem. Good luck! Ivan Labrie.
30 day Weighted Moving average is showing relatively no movement. Wait for movement before before buying or selling.
Today we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode'). We have some worrying bearish signals, so it's a good idea to have a...
Here's a classic breakout situation. We have price channeling for the past few years. However we do have a highly anticipated earnings report coming out soon. Mayne this earning report can take this stock To new highs? Why I am Long on GM: - New Cruz Hatchback just came out which will take car/ hatch marketshare. - Corvettes numbers are solid. - Camaro new...