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 MARKETMarch 21, 2018 - 8:37 am
Futures are down a wee bit after an up day yesterday. Loved yesterday’s action in growthland. Hopefully, it continues. Other areas bounced including OIL PRICES which rallied back above the 50 day but most oil stocks remain gross. Today is fed day. They spent the last two days playing Space Invaders, Ms Pacman, Galaga, paper […]
- RADIO SHOW 3/20March 20, 2018 - 6:46 pm
- Yesterday and Pre MarketMarch 20, 2018 - 9:19 am
Futures up a wee bit after a rough day yesterday! Before yesterday: About 55% of all stocks in our universe were below resistance and the 50 day average. Quite a few are much worse. There remain many bearish areas like real estate, utilities, housing, energy, oil & gas, a ton of consumer staples, a bunch […]