07-30-2007, 07:09 PM
|
|
Registered User
|
|
Join Date: May 2007
Location: D' burbs
Posts: 1,493
Rewards: 40
|
|
|
Ford and GM
Both companies quietly gained nicely today after being beaten down for weeks. GMAC had a better than expected quarter and union talks look to be going ok.
GM took back mearly all it's June gain and is sitting close enough to it's $30 support line to not pay attention to IMO. The RSI and MACD are showing reversal signs also.
Ford's chart is almost the same. MACD and RSI show reversal signs. Although today's 6% gain is a little excessive even though it closed strong. I'm watching for some profit taking pullback before looking to buy.
Unless the unions threaten strike, I may pick up one or the other for a short term run.
|
Linear Mode
