I am keeping a close eye on Ford (F) because it has become the darling of what remains of the American auto business, and appears to have the grit and determination to succeed in a new mean global environment.

My medium-term chart work argues that we need to be long Ford soon, ahead of an explosive new upleg that projects to 12.00-15.00 in the upcoming months. My near-term work suggests that I want to be long Ford as long as the October 2 low at 6.61 remains intact and before the stock hurdles 7.55-.60 resistance – if I do not want to chase it towards 9.00.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com.