But this pick is likely headed lower
From the Desk of Don Yocham: |
| | | | | | | | | | | | |  So the overall market glides higher — without any real conviction.
The Volume Profile tells me we could have another 40-50 points to go for the S&P before it peaks out. We’ll have to keep an eye on it to see how it develops.
Meanwhile, stay out of the way of the big macro theme and see how things settle.
Speaking of Volume Profile, I see a very bearish pattern developing on Group 1 Automotive.
Across multiple timeframes, it’s tested the ~$200 level and failed every time.
► So for today’s FREE pick, we’re shorting GPI.
Click Here To Watch Today's Video!To get the exact trigger price, target price and stop loss so you know you're playing it exactly right, you can subscribe to The Daily Pick right now for just $9/mo… 📈 29 winners since August 8th. Why not join us and start putting this market to work for you?📈Take What The Markets Give You. | | | | | |
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 So the overall market glides higher — without any real conviction.
The Volume Profile tells me we could have another 40-50 points to go for the S&P before it peaks out. We’ll have to keep an eye on it to see how it develops.
Meanwhile, stay out of the way of the big macro theme and see how things settle.
Speaking of Volume Profile, I see a very bearish pattern developing on Group 1 Automotive.
Across multiple timeframes, it’s tested the ~$200 level and failed every time.
► So for today’s FREE pick, we’re shorting GPI.
Click Here To Watch Today's Video! To get the exact trigger price, target price and stop loss so you know you're playing it exactly right, you can subscribe to The Daily Pick right now for just $9/mo… 📈 29 winners since August 8th. Why not join us and start putting this market to work for you?📈 Take What The Markets Give You. |
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