Boeing and the Timing of a Cover Story
Boeing is one of the Dow Jones Industrial Average’s 30 stocks. It has had explosive growth in 2017 and the price appreciation continued into 2018. In 2017 it was up 89% and at one point, on February 27 it was up an additional 23.6% from its 2017 close. Truly amazing growth.
This is not some social media stock. It is not a leading edge semiconductor stock. This company designs and assembles passenger airplanes, a variety of military jets, rockets, satellites and other space related craft and devices. So it was a little surprising to see the stock basically go vertical in price action. Continue reading
I’ve been talking about another move down now for a while and today’s price action sure looks like a possible reversal bar on the DJIA. Of course we need continuation to confirm. The DJIA was down 48 points with the SPX down almost 12 and the Nasdaq Composite down 41.