This video covers the near-term & longer-term outlook for the automotive industry including trade ideas on the major automakers, including price targets as well as support & resistance levels. playback speed can be increased in the settings to reduce video duration I had planned to cover the chart of RACE (Ferrari NV) in the video but mistaken left it out. The stock appears poised for a ~13% drop to at least the 103.53 area following the recent breakdown & backtest of the primary uptrend line & divergent high & may be added as an official short trade idea soon. Daily chart [...]
One of the sectors that I'm closing monitoring for a potentially lucrative swing shorting opp are the major automakers. U.S auto manufacturers collectively reported lower U.S. sales in December, with total sales for 2017 falling shy of the record set in 2016 and representing the first annual decline since the financial crisis eight years ago. Auto Sales Jan 18th With sales of autos & light trucks hovering at the high-end of the historic range for the last several years & reliability of new cars continuing to improve, it is hard to argue that there is or will soon be [...]
Fundamental & technical analysis on a few key sectors including the automakers, biotechnology, semiconductors, technology as well as the volatility indexes. The following stocks & sector ETFs are covered in this order: F, GM, TSLA, TM, XBI, IBB, PBE, SMH, XSD, SOXX, XLK, TECS, $VIX & $VXN.