This is a custom index using Toyota+Honda+Ford's long term charts plotted against the S&P 500 (both using moving averages to smooth data).
It's pretty simple, when the auto sector is diverging from major equity indexes in a negative fashion, that = bad stuff ahead. The auto sector has shown that it peaks before the s&p 500 does, which makes sense due to...
Seems like a good sell setup but I would exercise serious caution here and watch price action before I go short. This is a monthly play so a lot of patience is required but the risk/reward is completely worth it.
Toyota Motor Corp. is making a serious commitment to bringing electrified vehicles into its fleet.
The move goes against the widely held perception that the Japanese automaker was taking a very different path than other global automakers striving to become “Tesla-competitive.”
Toyota will be offering electric versions of every model of its vehicles by 2025, and...
Dear All , Continuation Patterns are always helpful to identify the trend . In TM , There was Descending Triangular Pattern , While Peak/Bottom is 145.25/103.40$ . On the First Break-Out , It was unable to sustain and came down into the pattern but On 2/3rd of Apex , It gave A Sustainable Break-Out . By Break-Out :
Calculations : According to Pattern -...
