Tuesday, February 3, 2015

Re/Auto Sales

Auto sales surge.

CNBC actually had someone on a couple days ago talking about the bundling of auto loans, with some warnings. I wrote a couple days ago about this.

Auto stocks surge this morning, naturally. Watch for the next week or so. Some short sellers will have to cover, and there will be strong volume. Sit and watch what happens with the strong volume. Will some big sellers sell, or will the stocks continue to be strong?

This may give some indications for the direction of the markets for the next weeks or months.


No comments:

Post a Comment

All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh