GM Faltering

GM Faltering

GM’s powerful earnings driven breakout yesterday appears to have failed.  The stock blew through a key overhead trendline(linked July/Dec/Jan highs) on Wednesday with a huge upside gap.  By the close it appeared the breakout had lost a bit of steam.  Today the...
GM Update

GM Update

General Motors ended last week with a powerful surge.  The stock closed Friday with a 7% gain with the help of extremely heavy volume.  This news driven breakout took out heavy resistance while leaving layers of support behind.  We believe GM is set up well for more...
GM Update(Bull Flag Breakout?)

GM Update(Bull Flag Breakout?)

$GM begins the week with a nice gain(+1.8%).  Held its earnings inspired breakout gap quite nicely at this month’s low.  Now up 7.5% from the 11/15 low.  Looks headed for heavy resistance near the declining 200D moving average.  Sticking with...
General Motors Running Hot

General Motors Running Hot

$GM continues to power higher on very heavy trade after opening the session with a huge earnings fueled upside gap.  With less than 30 minutes to go the stock is up 10% and is trading above the September highs.  If GM can close above $36.50 it will complete a major...