Two Ways: Honda's New CEO Is No (Crash Test) Dummy
Strengthen your portfolio in good times and bad.
Honda's Changing of the Guard
Honda's (HMC) Takeo Fukui, 64, will be stepping down as president and CEO, the company announced today. His replacement, according to the New York Times, is Takanobu Ito, 55, a prominent engineer. Ito joined Honda in 1978 and oversaw the company's push into the US market.
See Professor Mike Shedlock's related article, Modeling Our Fiat World.
From the Bull Pen: Bulls playing Honda can continue to follow its uptrend. A sell stop can be set near $22.50 in the short term.
From the Bear Cave: Bears can consider pressing the downside in the Japanese Yen ETF (FXY). A buy stop can be set around $108-$109.
Quick Check Around the World
Asian trading closed with the Hang Seng 3.75%, Nikkei -0.54%, Taiwan 0.92% and Shanghai 1.96%.
Glancing towards Europe, we see the CAC 0.94%, DAX 0.97%, FTSE 0.04%,
As of 8:00 AM EST, S&P Futures are trading +6 to 775, and Nasdaq futures are +7 to 1179.
A Look At Commodities
Crude oil is trading +0.47 to 40.50. Gold is -14.40 to 987.80. Silver is -0.19 to 14.295, and copper +3.2 to 144.85.
The dollar index is +0.2650 to 86.9650.
On the Radar
10:30 Dallas Fed Manufacturing -50.0%
Click here for the full trading radar.
Must be a case of the Mondays. Good luck, Minyans.
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