To: rimshot who wrote (367) | 1/16/2023 10:26:30 AM | From: rimshot | | | The time to buy Detroit auto stocks may be coming, but as @StephenWilmot explains, it's probably not right now -
t.co
excerpt -
The peak in the Manheim index at the beginning of 2022 coincided with the peak in GM stock as investors started to anticipate the unwinding of the pricing bonanza. Detroit profits remained relatively robust last year as manufacturers and dealers clung on to their newfound negotiating leverage, supported by weaker-than-expected production, but signs of slippage are now emerging.
WSJ article behind the paywall ... I currently pay $42/month for the online subscription following the $4 per month free trial which started in late 2021 |
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From: rimshot | 1/16/2023 7:10:40 PM | | | | Sentiment item from a January 16, 2023 item at CBS news -
Three-quarters of CEO's surveyed by accounting and consulting firm PwC expect global economic growth to slow over the next 12 months. |
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To: rimshot who wrote (96) | 1/16/2023 10:15:52 PM | From: rimshot | | | CAT & ORCL print new 52-week intraday highs - on Friday January 13, 2023
CAT = multi-year high
ORCL - the mid-December 2022 and earlier price action reside above the current price levels |
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From: rimshot | 1/17/2023 10:54:22 AM | | | | GS - am watching 348.08 horizontal ... will it hold as horizontal support if and when tested from above?
source: Fidelity Trade Armor, using 40 days look back on the 5-day time frame |
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From: rimshot | 1/17/2023 10:59:16 AM | | | | FDX - is still declining after nearly bumping its head on the 200-day SMA |
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From: rimshot | 1/17/2023 11:05:37 AM | | | | FSLR - sell short entry near 185, new multi-year high today was briefly above 185
in recent months, sentiment has been overwhelmingly positive on FSLR |
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To: rimshot who wrote (379) | 1/17/2023 8:48:55 PM | From: rimshot | | | * strong positive improvement in Relative Strength today vs. SPY - for 2 of 11 S&P 500 sectors - XLK - XLE
* strong decline in Relative Strength today vs. SPY - for 5 of 11 S&P 500 sectors - XLB - XLC - XLI - XLF - XLV
* mild positive improvement in Relative Strength today vs. SPY - for 4 of 11 S&P 500 sectors
* mild decline in Relative Strength today vs. SPY - for 0 of 11 S&P 500 sectors
positive 0.02% = a slight advance today for the $OEX vs. $SPX daily closes ratio ... a new multi-year low was printed January 10 for this ratio ( .443400 = newest multi-year low )
stockcharts.com
stockcharts.com
* Tuesday January 17 eod update |
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To: rimshot who wrote (209) | 1/18/2023 12:50:48 AM | From: rimshot | | | AMZN - Amazon today announces another round of layoffs:
18,000 corporate employees to be cut
* The cuts focused on the company’s corporate staff exceed an earlier projection and represent about 5% of the company’s corporate workforce. ( WSJ )
* Amazon is expecting recession |
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To: rimshot who wrote (386) | 1/18/2023 4:31:55 PM | From: rimshot | | | January 18 trade exits of briefly held swing shorts - FSLR and FDX
172.84 = FSLR lod today 177.57 today's close |
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