ORLY had a strong lift through 2015 that topped out in the summer of 2016. The first signs of weakness can be seen in the summer of 2016, where the market first broke the trend from the end of 2015. The subsequent bounce, lift to new highs, and then the fall off since Jun 2016, […]
Ideas
HERTZ MAY NOT SURVIVE THE NEXT BUMP IN THE AUTO CYCLE!
HERTZ MAY NOT SURVIVE THE NEXT BUMP IN THE AUTO CYCLE!
AVIS & HERTZ “RISK” CARS ON A COLLISION COURSE
AVIS & HERTZ “RISK” CARS ON A COLLISION COURSE DEBT HOLDERS CAUGHT: Debt issued by Hertz Global Holdings Inc. and Avis Budget Group Inc., which had traded at or above par in recent years, tumbled to new lows earlier this month amid signs that used-vehicle prices are dropping twice as much as expected. RETURNS: That’s […]
THE ROAD AHEAD FOR FORD FULL OF POTHOLES!
THE ROAD AHEAD FOR FORD FULL OF POTHOLES Summary Auto Industry Car sales are breaking down as the Auto Cycle rolls over, Ford earnings Y-o-Y fell by 50% last quarter as they warned about 2017 and 2018, Nearly 8M cars to come back off lease over next 18 months, Sales Incentives at ~ $3750/Unit are […]
GPI Group 1 Automotive IDEA
The larger pattern on the weekly chart shows a potential double top forming for GPI. The daily chart shows the most recent market movement coming off significant technicals and falling within a channel. Breaking from this channel (orange dashed highlight), up or down, would be a trigger consideration for a move to the next significant […]
SHLD Sears Holdings Corporation IDEA
Down significantly, SHLD has bounced from lows in Feb 2017. The larger trend remains negative, however the market is currently in a positive trend that can bee seen on the dialy bound by a green channel. The support for the channel is highlighted with a dashed orange line, indicating a potential risky trigger consideration. Risky […]
HL Hecla Mining Company IDEA
HL has been in a sideways consolidation (Daily) since August 2016 after a significant run-up that saw the stock at least triple ($2-$6 +) in 2016. Current sideways movement can be bounded wiith technicals, offering some guidance for when the consolidation has ended. Solid orange lines offer breaks of significant technicals for consideration; orange dashed […]
SII 10yr Treasury Note Yield Technical Update & IDEA
TNX has recently broken from a long term weekly pattern (blue s/r, wedge pattern resistance) and we are currently watching the degree of pull back. There is potential for a drop back to the larger weekly pattern to retest the s/r that has been broken out of. An initial break of 2.3 offers potential opportunity […]
DCO Ducommun Incorporated Technical Update
The larger pattern on the weekly chart has a potential double bottom; and the current lift from the beginning of 2016 could be a 3rd or C wave. IF this is the case, we would expect the current lift to be similar to the first (2012-2014), potentially taking the market up around $36.00. The daily […]