Hello investors and MarketClub members everywhere! Today I'm going to be looking at automobile stocks to find out just how positive the drop in gas prices has been for GM (NYSE:GM) and Ford (NYSE:F), but perhaps not so for Tesla (NASDAQ:TSLA). High gas price were a big selling point for Tesla and with gas prices recently falling to five year lows, it may be a harder sell to move Elon Musk's iconic Tesla "S" electric car.
Technically, Tesla is very close to giving a major exit signal which I will be sharing with you in today’s video. I will also be looking at some downside target zones for Tesla should this happen.
In today's video, I will also be looking at Ford and General Motors to see if cheap gas prices are having a positive or negative effect on either of those two stocks.
Gold will be discussed, which seems to be reawakening from its multi-year decline. You may remember that I indicated that 2015 could well be the start of a bull market in gold.
This being Friday, I will also look at stocks that are making 52-week highs and some that are making 52-week lows and decide which markets represent the best opportunities for a weekend trade.
Enjoy today's video and have a great weekend everyone.
Adam Hewison
President, INO.com
Co-Creator, MarketClub
