You have a better chance to trade E-mini futures successfully than to trade DAN intraday.DAN is a swingtrade stock, use .50 stops, otherwise you will get that queasy feeling when you are suddenly down $2 praying for a bounce so you can get out.
DOW up 150 pts today and DAN has barely budged off $14 so far....like I said....DAN is the Jekyll & Hyde of the autos.Should be up min +.50 today, instead we flat...when market makers want to take it down there is no stopping them even a 2 day +200 pt rally in the DOW and we near the lows.
DANg, I almost bought @ 13.88 this morning but was concerned with the underperformance.
pretty crazy selloff, down 20% in six days, dow up a 100 today, Ford, GM, AXL all up 2% and DANA down again. Where does this stop? May just have to wait for earnings.