Sector Rotation: GM Descending Broadening Wedge

מעודכן
If ever you like to predict the further direction of an overall stockmarket than keep an eye on any sector rotation as well.

Since November we have seen Banks rising. If you follow this trading ideas you might see, that there is an ongoing rotation now into industrials. You see also huge consolidation patterns like in Tesla, GM or the German Automaker Volkswagen.

Again: To predict any direction in stockmarkets try to look for similar pattern in more stocks or diffent indices. If you follow this trading ideas than you see that in any case there is more than one issue discusssed.
This world in the year 2017 now is more connected with the www than ever and more linked in almost any direction than ever before. So look for similar patterns as much you can get to decide if you see a broad based move - or not. Even to the upside and later for the downside as well.
הערה
GM today annouces another 5 b USD stock buy back programm. Expect more to come to hype this move in Q2 and Q3. Follow the GM Quarterly Earnings Reports not be on the wrong side of this upcomming hype.
הערה
DAX: Sector Rotation, Watch VW, now.
הערה
Tesla: 22 % Short Interest Rates
הערה
Quote:

Renault reports record 2016 sales, expects further growth

Gilles Guillaume
Reuters
January 17, 2017 12:35 CET

PARIS -- Renault Group reported record sales for 2016 thanks to growth in Europe and in overseas markets such as India and Iran, and it expected more progress this year.

Sales rose 13 percent last year and vehicles sold in 2016 topped 3.18 million vehicles - a sales record, the automaker said.

"Our strategy of product range renewal and geographic expansion, under way for several years now, has proven to be successful. It enables the Groupe Renault to progress significantly in terms of volume and market share in every region," said Thierry Koskas, member of Renault's executive committee, in a statement.
Renault's figures painted a similar picture to that of rival PSA Group which last week also reported higher sales, with the lifting of international sanctions against Iran boosting PSA's sales there.
Source: europe.autonews.com/article/20170117/ANE/170119812/renault-reports-record-2016-sales-expects-further-growth
הערה
FEB 14 2017: M&A boosting GM 5% today. invst.ly/39sk-
הערה
FEB 18 2017 GM Shares Could Drive 35% Higher

If CEO Mary Barra sheds Opel, GM could free up $1 billion in yearly cash and focus on profitable markets.
barrons.com/articles/gm-shares-could-drive-35-higher-1487399193
הערה
FEB 21 2017 Border tax hits political reality, and only Trump can save it

John Harwood | @johnjharwood
6 Mins Ago
Quote: So, Sen. David Perdue of Georgia, a former retail executive, has pronounced border adjustment an economic threat. Sen. Tom Cotton of Arkansas, home base of Wal-Mart, has vowed to fight it. John Cornyn of Texas, who worries about the effect on oil prices and serves as the Senate's second-ranking Republican, last week pronounced border adjustment "on life support." Those three Republicans alone — if they hold firm — could be enough to sink the idea in a Senate where Republicans control just 52 seats. Source: cnbc.com/2017/02/21/border-tax-hits-political-reality-and-only-trump-can-save-it.html

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