Is Boeing the world’s most dangerous stock? Is it a major threat to the current market rally, specifically the Dow Jones Industrial Average
New highs on a very pronounced negative RSI divergence. As you can see, this set-up is historically a red flag that has produced major reversions in Boeing stock before. The stock had a massive run since 2017, perhaps similar to the run from 2003-07. But it’s much more dramatic than that.Boeing stock now is 49% above its yearly 5EMA . On its second year, the stock is entirely disconnected. The slope on a linear chart is looking mighty exponential.
Is this compatible with the stock’s history? Boeing shares currently trade 26.3% above their weekly 50 MA . The daily picture doesn’t look any less frothy: 19.2% above its 50 day moving average with an RSI parked in the 82 area.
NorthmanTrader
NorthmanTrader There was no need for this opinion, if the fundamentals are good and consistent for long time with huge backlog what was the reason for this just before market open, do more good to the world than bad!
NorthmanTrader What about Apple or Amazon?
NorthmanTrader Playing catch up? I've been saying that the last 2 weeks.....
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Noose found at Boeing plant in South Carolina sparks investigation'I am saddened and angered that a racially-charged symbol was discovered on site,' a company executive wrote in a message to employees in North Charleston. Oh, is it time for another hoax already? Where was Jussie? He have an alibi? Where’s Jussie?
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The Dow Is Tumbling Because Resistance Still Won’t BreakThe Dow and the S&P 500 were up as much as 0.5% early Monday morning on reports that the U.S. and China were getting even closer to a deal to end the trade war. Skepticism remains, however, and both have headed sharply lower. You guys better start investing in SecurityTokens If we are going down, at least five enough to purchase something. ?I was expecting a good day? This is a total bummer!
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