Selling Boeing shares. On the daily chart of Boeing shares, I expect the price to drop in the C wave of the ABC corrective zigzag. Thus, I placed a pending sell order at the latest down fractal. Stop loss at the previous up fractal.
BA
$BA Boeing - Long Term Pennant$BA Boeing - Nearing the resolution of a long term pennant pattern which began earlier this year. I'm expecting an eventual breakout to the upside. Targeting a return to the area of previous all-time high in the mid-370s by November.
A Still Shaky But Now Stretched Stock MarketTechnical indicators keep flagging the stock market's underlying weaknesses. Still, the latest shallow selling is a bit over-stretched.
"A Still Shaky But Now Stretched Stock Market" drduru.com $SPY $QQQ #VIX #AT40 #T2108 $BA $BIDU $CAT $GLD $SLV $DXY $USDTRY #forex $M $NFLX $RIO $BHP $USO $WHR
Selling Boeing sharesOn the daily chart of BA shares, there was a change of trend into a bearish one according to Bill Williams` trading strategy with a recently formed sell fractal. In addition, with high probability, the price is at the beginning of the C wave of a bullish Elliott wave cycle.
Boeing Buying OpportunityBuying boeing after this reversal pinbar pattern appeared on the daily chart. Expecting prices to continue higher.
Cheers :)
#BA sitting right at the resistance line, now support (for now).So the day ended with #BA sitting very close to what used to be the resistance line (it's now working as support for now). If a sell-off starts tomorrow (which most likely will happen due to option expiry and being a Friday as well other noise), #BA can see itself go down back to 351, which may complete Elliott-Wave #4, before heading back up.
Still LONG on it, but cautious as ER approaches and as it appears to exhaust all of its catalysts this week.
Target Hit for today. #BA working and trying to get past that resistance area. Blow past that, and it can hit up to the next one easily (~363). Otherwise, failure back.
Short BA for a target of 340Short BA for a tgt of 340 with a stoploss of 360. It was showing weakness on a 15 min chart and has a limited upside in the short term
Overbought Threshold Rejects A Stock Market With Crossed SignalsThe headlines are headwinds, then tailwinds, then headwinds all over again. The stock market ominously pulled back from overbought again.
"An Overbought Threshold Rejects A Stock Market With Crossed Signals" drduru.com $SPY $QQQ $IWM #AT40 #T2108 #VIX $BA $TOL $BBY $AZO $MNRO $ULTA $AUDJPY #forex
The Stock Market Swings From Bullish Signs to Stop Signs.A snipper from my latest post.... drduru.com
The stock market faded from bullish undertones and back into the resting position. Now we can just look back at what could have been.
For the first time in a long time, I feel compelled to change my short-term trading call from neutral. While the S&P 500 (SPY) still sits well within a trading range of churn, I see several signals which give me bearish vibes starting with my favorite technical indicator: AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs).
Through Wednesday, April 18th, AT40 rallied relatively consistently with 9 up days out of 12 trading days. The last two up days featured weakening momentum and the top, an intraday high of 67.6%, came just short of the overbought threshold of 70%. I typically interpret a rejection at the overbought threshold as a bearish event. I am particularly keen to follow this interpretation given a similar rejection preceded the big February sell-off, and I was very slow to react to that rejection. AT40 swiftly fell all the way back to 55.2% to close the week. I am now eager to see AT40 hold a higher low.
The S&P 500 (SPY) provided one component of a bearish confirmation. At its last high, the index closed just about even with its close after the Fed’s last decision on monetary policy. Not only did the index fail to maintain momentum from there, but also the subsequent selling pushed the S&P 500 right back below its 50DMA. The NASDAQ and the PowerShares QQQ ETF (QQQ) both pulled up short of their post-Fed closes before dipping below their 50DMAs to the end the week.
The volatility index, the VIX, might as well have sealed the deal. Last week, the VIX traded right down to the 15.35 pivot and convincingly held that level as support over the next 3 trading days. While the VIX did not pop as much as I would have expected, I am still respecting this hold of support. I am staying patient before shorting the iPath® S&P 500 VIX Short-Term Futures™ ETN (VXX) again, and I am holding onto call options on the ProShares Ultra VIX Short-Term Futures ETF (UVXY).
The Australian dollar (FXA) versus the Japanese yen (FXY) provided one more piece to the puzzle by breaking down below its 50DMA again. Just a week ago, AUD/JPY looked like it was leading financial markets higher. Now it looks set to grease the skids pointing downward....
BA Daily Long SetupBA Daily
Inverse Head and Shoulders pattern on daily. Break of 340 should run this up to 360s. Notes on chart.
BAH looking to breakoutShares of BAH look set to breakout and finally push thru the $40 level. It's currently in a rising wedge, and given geo-risk and defense sector strength, I like this name. I think $45 will come quick (161.8% extension) if shares breakout. Earnings aren't until May 21st, so I don't see much downside catalyst in the near term.
I want to give it time to work and limit risk, so I just bought June $45 calls for 20c.
BA ShortShort below 319. If gaps down, wait for retest on a moving average or 319 level. Target based on height of the inverted cup is ~270 (also 200 day MA is around that level). But 300 is good support below.
Initial target is 300, if that doesnt hold, 270 next.
BA Long - can we get a nice bounce off resistance line?BA found resistance at $325 price range, as well as the bottom of the Bollinger Bands. Looking for a similar rise as previous bounce.
Major price drop due to tariffs talk.
Future cash flow value shows BA at $425 share price, making this stock undervalued at $338.
Expected annual growth in earnings is 9.8% (generally 20% is considered high growth)
If I could afford long call options for a few months out, I would def. be interested with further research!!
Indicee Overview with the IchimokuI quickly look at the risk potential going into tomorrow markets. I am 98% Cash with a small position in CVX calls. I am also not trading tomorrow. I see lots of potential downside risk.
BA might of broke the down trendBA very bullish stock might have upside potential. XLI bounced of trend support today to boot. Might be good dip buying in the Industrials here.
Boeing BiG SHort ? Why not..I guess time for the short. :)
this Boeing buble can came to end of history maybe..
2016 nearly 1.5 year ago this stock was 100 $. Now 350 $
Bubble :)
Buubbbble Hunter from Turkey :)
Good day for Boeing to fly?Despite the fact that Boeing reach the peak of growth never late find the new one to jump to. Let's have a look at more info and work it out.
BoeingStrong momentum. 2% dividend. Earnings within estimates for Q3. Beat estimates (pleasant surprise for Q2)
The Current stock price is above both the 150 day and 200 day moving average.
The 200 day moving avg line is trending up (for at least one month) since September of 2016
The Current stock price is trading above the 50 day moving average.
The current stock price is at least 30 percent above its 52 week low. ( 85% above it's 52 week low)
The current price is 100% of it's new high.
BA LONG Bull flag for a very strong stock that has been consolidating and now no where to go but up. Buy long or calls.
