GM DKS Update

GM’s stock price broke out off a long trading range last week and met some resistance just above $39. The jury is still out on the breakout since price is still holding above $38. The next couple of days will be key tells on direction to trade.

DKS Reversed hard yesterday, but it is till trading well above $55. This is a level to watch for further weakness. Yesterday’s price action is generally bearish specially given the current market action.