Auto Crash

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In case you missed it, please be sure to leave House Safari a good review, as described in the last post. But I wanted to move on to charts, so……….

A few weeks ago, I made a big stink about how any symbol with the word “automobile” in it was shortable (as well as the biggies like General Motors and Ford……….basically anything to do with cars). This bearishness on a particular sector is finally starting to work out. Here are a few examples from today’s trading action.

1020-ABG

1020-GPI

1020-PAG

1020-LAD