Being a Chevy guy, this normally would have really aggravated me, however, since GM is now owned by the government, I’m finding it easier and easier to support the big F.

This veterans day, Ford produced a fantastic video saluting the troops. If you haven’t seen it yet, I’d highly recommend taking a moment:

Amazingly enough, Ford appeared on one of my stock screens, and I was absolutely blown away at the chart I saw. Ford has rallied a whopping 900% from it’s lows in late ‘07. I can’t imagine anybody not wanting to be aboard that train.

That said, it is clear to me based on the chart that Ford still has plenty of upside potential. Given that Ford is now the only true American car company, I’m very happy to see the chart working out in their favor. Ford is in a very distinct cup with handle pattern, and is mere cents away from breaking out of the handle.

Take a look at my new video: Ford – Cup With Handle

Last 5 posts by Steve Warshaw

• Twitter Weekly Updates for 2010-02-07 - February 7th, 2010
• What’s Going on with the Markets? An In Depth Look at the SP 500 - February 5th, 2010
• Beginner’s Trading Terminology Webinar – Sign-up Here - February 3rd, 2010
• Crude Oil Price Forecast, What Does The Chart Say? - February 2nd, 2010
• Twitter Weekly Updates for 2010-01-31 - January 31st, 2010