I believe that General Motors is a strong buy right here. It is in a flag formation and has retraced to the 0.618 Fib level off its most recent move. It has also closed its gap up which was made on the past bullish run. These are all signals pointing to a great GM buying opportunity! With earnings tomorrow it may be smart to hold out until seeing their results, especially if the market is focused on the falling indices. If GM reports good earnings (which I suspect strongly) it may very well go unnoticed. Also the RSI is OVERSOLD! On this awesome american company that trades with only a PE of 8.55 and a Div Yield of 3.84%!
-FYI I am a share holder of GM. This is not financial advice
-FYI I am a share holder of GM. This is not financial advice