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Remember that we are still navigating our way through earnings season, so be sure to check when each of your holdings and potential setups are reporting. In fact, I was set to present a set of enticing regional banks to you, only to discover that they are reporting early this week. Apart from the financials, the other infamous sector that saw plenty of government-infused bailout money in 2008 and 2009 was the auto sector. The notion that every single auto-related firm is a gimp is simply unfair. Regardless of your stance on General Motors, though, the technicals are improving, as are a few other auto parts plays. Ironically, the financial and auto gimps look to have as much potential to move this week as any other sector that I see.
NOTE: I was going to chart DAN and SAH as quality auto-parts setups, but they report this week as well.
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Probably my favorite movie if I had to pick just one. Ahh, how can you pick just one, but it’s right up there.
What movie is that?
Pulp Fiction