Expect Americans to buy fewer cars so they can pay for first homes.
The tire maker is setting up well for a move higher.
Our targets are $3.50 and then $6.50 longer-term.
A weekly close above $55 for PKX should provide a setup for a longer-term move to $80.
A monthly close above $55 could open the way for a longer-term advance to the $75-$80 area.
A sell-the-bounce approach still appears in order.
UTX could have a bumpy ride if prices fall back below $104.
Charts suggest softer prices lie ahead.

Intermediate Trade: Nucor Real Money Pro($)

The steel sector is showing signs of breaking out.
United Technologies is propelled by a new jet engine in topping analysts' expectations for the quarter.

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