Of all the auto stocks, Tata Motors sure has been quiet. Nonetheless, since the last time we looked at it, you can see on the first chart below that the Indian firm has successfully held over $31. The next level to breach is $33 to likely see some upside momentum out of the highlighted bull flag consolidation. Overall, the chart has been sound.
On the other side, McDonald’s is now in danger of losing its recent breakout. From failed moves often come aggressive moves in the opposite direction. As a result, I am looking at McD’s on the short side.
Elsewhere, SODA has been all over the place, but is popping this afternoon. And TWTR is the main hot mover of the day, as well as coal names ANR WLT.
Stay tuned for my video market recap after the bell for more ideas and analysis.
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Do you like NUGT here, which held up despite taper talk today…though the talk wasn’t anything too jarring anyway.
I picked up weekly calls, if nothing else, maybe it will serve as a hedge against other positions I opened today.
I will will NUGT & miners on the recap.. Good action today but need to see more.
Thanks.
Many investors surely never eat the food.
Indeed
Eggamuffin rules!
Lol