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FORD

What YOU Should Seriously Know Key Level SupportBy Yasin Ebrahim Investing.com – The S&P 500 slumped Monday, led by a rout in energy and financials as investors grew concerned over the global recovery following a surge infections brought on by the Delta variant. The S&P 500 fell 1.6%, the Nasdaq was down 1.1%. and the Dow Jones Industrial Average fell 2.1%, or 726 points, though was down 953 points at the lows of the day. "A plethora of macro uncertainty is now in investor crosshairs including pandemic / variant spread; reflation / inflation; future of CB policy; earnings; and geopolitical tensions (watch the ongoing escalation between U.S. & allies against China)," Mark Luschini, chief Investment strategist at Janney Montgomery Scott said in a note. New coronavirus cases climbed in all 50 states on Sunday for the fourth day in a row on a rolling seven-day average, a rise not seen since the spring 2020 surge, Stifel said, citing Johns Hopkins University data. The spike in the US follows rising infections globally including in the UK. "The Delta variant of the coronavirus has now spread to more than a hundred countries. The way it is spreading, it will soon become the most dominant strain globally," Dr. Poonam Khetrapal Singh, regional director of the World Health Organization - South-East Asia said. The Delta variant has reportedly reached the UK, US, Singapore and many other nations." This backdrop of worries has muddied the outlook for growth, prompting a sharp decline in Treasury yields, and pressuring cyclical stocks including financials and energy. Energy fell more than 3% as U.S. oil prices dropped 7.5% below $70 level after OPEC and its allies agreed to lift output at time when the delta Covid variant casts doubt on global demand. The fears on Wall street underscored by a jump in the VIX – or so-called fear index - to a two-month high. Financials, meanwhile, were pressured by a the fall in U.S. bonds yields, with the 10-year Treasury diving below 1.2% to hit fresh February lows. JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC) were in the red. Lower interest rates hurt banks' net interest margin – the difference between the interest income generated by banks and the amount of interest paid out to their lenders. Megacap tech was no exception to the selloff, though fared somewhat better relative to beaten down cyclical stocks. Facebook (NASDAQ:FB), Google-parent Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT, Amazon.com (NASDAQ:AMZN) were more than 1% lower. A sea of red also washed over travel-related stocks, with airlines and cruise stocks sharply lower amid fears rising infections threaten travel demand. United Airlines Holdings (NASDAQ:UAL), American Airlines (NASDAQ:AAL), Boeing (NYSE:BA) were hit hard, with the latter down more than 5%. While Carnival (NYSE:CCL) slumped 6%. Fears that some restrictions could return, however, proved a boon for the stay-at-home stocks. Teladoc Inc (NYSE:TDOC) was up 3%, while Peloton (NASDAQ:PTON) and DoorDash (NYSE:DASH) rose 7% and 5%. Zoom Video Communications (NASDAQ:ZM) proved an exception, however, falling about 2% after buying cloud contact center software Five9 in an all-stock transaction that valued the company at $14.7 billion.
AMEX:SPY
by TTMTrades
Ford F Making One Last Push Here we see Ford has been in an Uptrend Channel for 479 days and is at its last stop before testing the 20 Year resistance. Given this channel is so well established I see no reason to believe it doesn't make it to the resistance before reversing the trend. Now I want to make it clear I do not expect it to break it but I do expect a test. We have seen multiple Bullish Falling Wedges as Ford has made its climb and I expect one last one will play out. ~Could see as low as 13.50 before rising ~The target would be around 17.75 ~A break below the channel trendline will likely invalidate this analysis
NYSE:FLong
by NoOneWhoIsSomeone
1
GM UptrendSince the beginning of the year General Motors has started doing healthy bullish things on its chart. We have another uptrend that is in play, and if the trend holds we can look for a retest of the $60.30 resistance level. A break and hold above that level could send us 15% to the upside to the top of the channel. ***Also, please be aware that the current market is fueled with uncertainty at the moment, so a breaking of this uptrend is very much possible. Until then, however, we assume GM remains in the trend until it doesn't. If the trend breaks, we have our stop losses at $57.43 and the final line in the sand at $55.82.
NYSE:GMLong
by TradeVibez
Ford has Reversed!Looking at the 6 month trend for Ford we can see that a reversal is finally happening from the selling side to the buying side! After this 2 week long sell off from our high of 16 and dropping to lows of 14.50 the selling might be starting to slow down and we can see some upwards movement from here back to 16. Ford will be releasing earnings from Q2 here in the next month and is expected to beat analysts expectations which is a very bullish sign. The pre-orders for the F-150 lightning and the Bronco have been through the roof being the main driving factor behind these revenue beats. I believe this should provide for a strong bullish push on Ford here in the next few months. This is my opinion.
NYSE:FLong
by xLucky900