GM; A Caddy for Christmas?Self Driving Caddy so I can smoke in the back?
Please Santa hear me!
Gl HF
xoxo
sn00p
Trade ideas
$GM January $48 callsWill be looking at the January $48 calls , entry around .40x.45 . Investor day 11/30.
GM hit Bollinger and revertsResistance and Support predict that GM will continue to move upward therefore a conservative Bollinger short should be right strategy for short term.
Gap up Swing tradeIf this gaps up above my entry line at the opening then this should be a great swing trade for the next couple of days. Once it breaks you can put your stop at the entry and save yourself any potential loss.
GM alcistatanto las EMA como el MACD indican que seguira subiendo, la tendencia alcista es acelerada
I'm trading ALDW oil, F, GMViewing the chart above, the vertical line represents the day Hurricane Harvey hit. These stocks; which fall in the automotive, home and oil industries; saw a substantial increase over the next month and all but oil is still seeing an increase.
Ford, GM, LPX and Alon. I have been mentioning and trading the first three, Alon (ALDW) is a new one for me.
ALDW appears to be forming a cup and handle going into this storm. The last storm caused ALDW to jump upward. At a p/e multiple of 16.38, this stock trades cheaper than say XOM, which is at 29.49. Also note that ALDW has a small capitalization of 739 million, making it fairly reactive to oil prices.
I'm using technicals, mainly RSI, for entry. I look for RSI to range around 50-65 on support, lower could mean a bearish move.
My portfolio holdings going through Q4,
FX trading - 10%
Swing/pattern trading - 30%
ALDW - 20%
F - 20%
GM - 20%
GM's post hurricaine rally could be coming to a haultWhen cars and homes were destroyed, those industries got a boost. LPX makes wood-panel sidings for homes and saw a 15% increase. Auto makers like GM saw a large increase as well this past month. Is it coming to an end for GM? Can it go higher? Is a good entry in sight? I believe so.
The trend angle increased, representing strength, and the price action in terms of ATR increased as well through the uptrend. However, the break through the 41.20 level on news of it's September increase was seen on lower volume than the previous day and ultimately closed below that level.
For me, I take this as a good time to sit on the sidelines and wait to see what happens. If it falls, then I will look for a good entry. Fundamentally, I see this rising over the next quarter.
GM can create a long play depending on next few days of trading.I will be following GM closely on the hourly and 15 minute charts for a possible breakout towards the upside. On the daily, Fibonacci and trend providing good buy signals.
Entry is possible here, but I do not recommend it here. Higher downside risk with a buy here, but minimize your loss if it can't break. $34.80 is the lowest level of support so it may go lower, but this stock looks great long term with 2-3 dividends :) .
2% max loss, 5-6% gain possible. Good luck traders, watch those support and resistance levels on Fibo and trend!
9.23.17 | GM | Bullish Continuation(Code-Name_Virtue)
Bullish continuation to the target zone.
(Keymaker)
Scroll down for more charts.
Falling RSI confirms trend line break in GM shares General Motors shares have broken a two month trend support line today and also fallen back under their 50 and 200-day averages. 14-day RSI breaking under 50 confirms momentum downturn.
Long GM by shorting June 32 PutGM has been pulled back from 38. It is time to long GM. Setup the position by selling short of the Jun 32 Put.
Position: Short June 32 Put
Credit received: 0.62
Target: 50% of the premium (0.32).
GM: Rejoining the long side here, graduallyI like $GM here for a bottom against the yearly mode support. It also coincides with a strong support from the uptrend off the 2015 low, which makes me think it won't go any lower than this, despite possibly ranging sideways for a while longer before shooting up with force.
In the long term, $GM's valuation down here will let you sleep well at night, while waiting for the breakout in the quarterly timeframe. Target for it is over $57, so it will be worth it as a hold.
Yield is excellent for a company this size, I'm fairly confident that it will gain traction soon.
Cheers,
Ivan Labrie.
General Motors is a shortBig volumes are associated to long black candles. Expected weakness in the following days.
