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Two Ways To Play: Toyota Drives Up Sales in October

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Strengthen your portfolio in good times and bad.

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Toyota Sales Rise in October

Toyota Motor (TM) reported an increase in sales for the month of October, its first rise in 15 months.

According to Reuters, the world's largest automaker said today global vehicle sales jumped 5% last month to 640,000 units. The largest increase was in China with a whopping 45% increase. Sales in Japan also rose 15%, but declined in the US, the largest market, by 3.5%.

See related column, Scott Reeves's A Fiat Inside of Chrysler? Good Luck.

From the Bull Pen: On the charts, Toyota breaking above a downtrend and above resistance are bullish signs. If you think the stock will eventually test $88 resistance, consider going long here with a 2% sell stop.

From the Bear Cave
: It's been very tough to be short in this market since the Spring, but bears might see an opportunity in Ford (F) near $9.50. Entry if and when it reaches that level, and remember to set a tight buy stop.

A Quick Check around the World

Asian trading closed with the Nikkei -0.55%, India -0.30%, Hang Seng -0.32%, Shanghai 0.62%, and Taiwan 0.43%.

Across the pond, we see the FTSE 0.43%, CAC 0.66%, DAX 0.70%

As of 8:20 AM EST, S&P Futures are trading +2.00 to 1109.50. Nasdaq futures are flat at 1808.75.

A Look at Commodities

Over in commodities, crude oil is +0.80 to 79.94 while gold is +7.700 to 1147.10 this morning. Silver is +0.29 to 1868.5 and copper +4.750 to 315.60.

The dollar Index is -0.4200 to 75.0450.

On the Radar

Economics

08:30 Housing Starts 599k cons.
08:30 Building Permits 580k cons.
08:30 CPI 0.2% cons.
08:30 Core CPI 0.1% cons.
10:30 Crude Inventories

Click here for the full trading radar.

Happy hump day. Good luck!


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No positions in stocks mentioned.

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