It’s been a long two years for Boeing, but now the chart may be signaling a turn. The aircraft maker began its descent in March 2019, when fatal crashes forced the grounding of its workhorse 737 Max plane. BA continued facing headlines that year, followed by a nosedive when the pandemic hit. The stock remains well below its peaks and is still one of the...
Las Vegas Sands jumped on November 9 when news of Pfizer’s vaccine hit. It’s consolidated since, and is now showing some potential signs of continuing higher. The first pattern on LVS is its gap above the previous high around $56. The shares have held their ground above those old highs, suggesting it’s found support above old resistance. Next is the higher low...
Looking at the Fibs, DS is once again testing this technical level. It's been a decently strong level of resistance for months. Only was able to break above it briefly but couldn't sustain itself for more than a few days. With the vaccine set for delivery in this week, it's going to be interesting to see how epicenter stocks perform. Will we finally get that...
Technical Analysis On november 24th, JETS broke out above its june highs, and consolidated (orange square), demonstrating a successful break out of the channel. Now it shows a flag, showing potential for more upside. There is a strong resistance level at $27.7; at this point I would expect a pullback, to ultimately reach the top of the gap around $30. I am...
After the big drop Thursday, this is a quick 3-month performance review of some of the classic names that fit into each of these 3 groups We can see that COVID tech (Tesla, Zoom, Plug Power) sold off, reopening trades (cruise lines, banks) rebounded and in the middle were some tech favourites that fared a little better (Alphabet, Twitter etc)
As most people know, sentiment has been running uber-bearish. That’s lifted gold and depressed interest rates. But now the action in bond prices may be showing an end to the move. The iShares 20+ year Treasury Bond ETF tracks the prices of long-dated bonds. And they may have recently hit a peak around $172, near the same level where it was rejected in...
Technical analysis Boeing showing support at the trend-line forming since the march lows. A close below $152 is a break of the lower highs trend Sentiment, technicals, and fundamental views for Boeing are weak. However: risk-reward-ratio is very attractive Still a global duopoly (Boeing and Airbus) Heavy support from the government to help it...
The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange. It measures changes in the cost of transporting various raw materials, such as coal and steel. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether. BDRY is an ETF that trades on the Baltic...