Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

GM Breaks Out


GM Breaks Out
By Mike Paulenoff, www.MPTrader.com

We told our subscribers earlier today with General Motors (NYSE: GM )at 11.75 that the pattern -- a spike low followed by a vertical thrust, followed by a 60% pullback that morphs into a rounded secondary base formation -- usually finds a way to take off to the upside. Wow, did GM rocket after that, above its breakout plateau at 11.85/90 to an intraday high so far at 12.82. The bullish pattern remains intact and continues to point to 13.10/20 and then 14.00/20. Only a close below 11.75 will compromise the still bullish outlook.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!