23Apr9:42 amEST

Old Autos and a Big Cat

GM is gapping down this morning, as they chart remains corrective since a strong start to 2015. If this gap down pauses enough to flag out a bit today or tomorrow, I view this as a looming short setup.

And the big CAT, Caterpillar, second daily chart, is trying to find relief from its downtrend, which it has been in for a while now. Watch to see if it holds over $86. 

On the FB front, it looks as though the stock is essentially yawning at earnings, still holding over $82, but not yet breaking out to fresh highs and still in a range. 

Stock Market Recap 04/22/15 Battling the Levels


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