One of the best kept secrets about the PDQ is it’s ability to help forecast those pesky changes in GE trends. Here’s the signal as of 7 am PST this morning, just before that little run up. Keep in mind that several large prop shops (yes, there still are some) love GE as a day trading stock. I’ve talked extensively about it before and a close analysis of the PDQ Dashboard shows that the technicals are hands down in the bull camp (for now). It’s a financial, it’s a manufacturer, it’s technology…it’s got em all and it loves the pivots, reliably moves $.35/ day and the option chains are wide and rich. Of course it’s Friday so a closing fade may be in the cards, but it’s got room to run at this point at least short term. Never investment advice….just an observation.
