Hey you technicians, just letting you know big DOW leader Boeing (BA) just broke the 50 day average cleanly for first time in 15 months. Doesn’t mean the end of the world but the longer something holds that important area and then breaks, it is often of consequence. Of course, anything is possible and the stock could just jump right back up. Boeing was a huge help to the DOW for a long time. For this second, now an anchor.
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- PRE MARKET NOTESDecember 13, 2018 - 8:55 am
Less wild day yesterday but DOW still dropped 300 points from the highs. Overnight, futures were strong…then flat and then Draghi from the ECB said something about weaker Europe and balance of risks are now to the downside= MORE EASY MONEY and then something about China buying soybeans. Not kidding. DOW 24,000-24,200 S&P 2,620-2,640 NASDAQ […]
- RADIO SHOW 12/12December 12, 2018 - 8:39 pm
- ANOTHER GAP TO THE UPSIDEDecember 12, 2018 - 9:16 am
They wouldn’t dare reverse another big gap to the upside. Would they? Recently, just a bunch of gaps to the upside and downside with ridiculous intraday action leading to reversals. But: Using the DOW, after a 2,800 point drop in 18 days…after a 2,150 point rally in 8 days…after a 2,000 point drop in 9 […]