Car Sales Are Down, But Not Because Of Me

I was trying to hold out until April, but I can’t do it any longer. I’m finally jumping in with two feet and will probably buy a car on Friday. I currently have a 2009 Nissan Maxima. My has over 200k miles on it and based on my last two Nissan’s I was hoping to get 250k out of this one. However, the last two Summers, I have had no AC, I have a leak in my tie rod system that controls the power steering, but the nail in the head is my car is starting to vibrate more than normal while I drive. So last week I bought a 2014 Nissan Maxima.

In this video I talk about the used, but also new car sales and the players in this game.

https://www.marketwatch.com/story/u-s-auto-sales-fall-9-7-in-q3-but-the-news-isnt-all-bad-01601602903

https://www.fool.com/investing/2020/10/02/5-reasons-you-regret-not-buying-carvana-stock/

https://www.barrons.com/articles/buy-carmax-stock-used-cars-are-hot-morgan-stanley-51601652583?siteid=yhoof2&yptr=yahoo

https://finance.yahoo.com/news/north-american-car-sales-show-191946040.html

I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.