Looks like the crowd is catching up on our love affair with auto suppliers – specifically BorgWarner (BWA). This looks like Salesforce.com (CRM) or Netflix (NFLX) at its best. Massively overbought right now but chugging along without pause in the ‘can’t lose’ market. As much as I like this group even I am amazed at the ‘action’ in once boring stocks like this. Every bounce off the 20 day since Jackson Hole Wyoming QE2 has been a bottom….
Disclosure: No position