GM and Palladium: Interesting chartWe have a sizeable spread in $GM vs $XPDUSD currently, and price is trending up strongly in daily and weekly $XPDUSD.
If price breaks into new highs here it could be flashing a strong signal for auto stocks, so I wouldn't be shocked to see $GM gain steam from there onwards.
I'm currently long $GM with 10% allocation and no stop loss, but also no leverage. Looking forward to see the outcome of earnings.
Cheers,
Ivan Labrie.
Autostocks
F: Ford can trigger a weekly uptrend next weekLet's enter longs here at market open. A good option is to go long stocks. A 19% account position would be a good starting point, you can build this position during 3-5 days. Or you can simply long calls at the money for 1 month to use up less margin.
You can buy the equivalent of a 20% account position, for only 5% of the cost. I'd reccomend the 12.00 strike, March 17th call options. That's rather economic right now, but you would be in a risky position if price doesn't hit the weekly uptrend trigger level at 12.86 quickly.
Good luck,
Ivan Labrie.