Jump to content

Where's Boeing going, Cohen?


dmedin

Recommended Posts

On 17/12/2019 at 11:43, Kodiak said:

Dont worry, buy the dip

Load up buy orders around 30- ish

 

USA.png

 

 

You're right and I have nobody to blame but myself - Boeing is just 'too big to fail'.  

Should never short the big U.S. equities if you're just retail pond life ****.  Will get burned EVERY.  SINGLE.  TIME.

Link to comment
  • 4 weeks later...
7 minutes ago, Mercury said:

https://www.bbc.co.uk/news/business-51058929

Looks like a major wave 5 turn completed on strong NMD.  Now a 1-2 bearish direction retrace is in, just looking for a lower low to nail it on.

BA-Monthly_100120.thumb.png.ab05e405bade695af0016deee47ce4aa.png

 

There's no possible way Boeing will fall that far, at least on this side of the apocalypse.  Not that I don't think it deserves to, but America is far too corrupt (politically as well as in the corporate world).

Edited by dmedin
Link to comment
9 minutes ago, dmedin said:

There's no possible way Boeing will fall that far, at least on this side of the apocalypse.  Not that I don't think it deserves to, but America is far too corrupt (politically as well as in the corporate world).

No one (or institution) has the power to stop the crash once it takes hold.  Corruption, or just plain old vanilla manipulation out of good intentions, will eventually implode.  The case the Bears put forward is that the more effort that goes into juicing the markets the harder the crash will be.  It isn't the first time this has happened and those that believe this time is different will be just as wrong as the people who said that before.  Of course timing is everything but you don't have to trade the top, just recognise when it has come in and change your directional bias.  What I am saying is that if Boeing breaks lower then the trend has changed.  I don't know how far down it will go, the arrow is (or course) directional not quantitative...

  • Like 1
Link to comment

Maybe they are not looking at a price chart there @dmedin.  I was talking to a friend over the weekend, who is not at all into financial markets, who suggested Boeing must be worth a buy given all the negative news and how much the share price has fallen.  You hear this kind of thing all the time these days, which is a sign of that complacency I keep mentioning.  If you look at a chart though and apply some simple analysis you see a different potential picture:

  1. A Head & Shoulders top (note a true H&S only occurs at market tops and bottoms, at trend reversal points)
  2. Oscillators massively over bought at the ATH and NMD on the Monthly and Daily at the ATH.
  3. Credible wave 1-2 (purple and blue) - see daily chart
  4. NMD at the wave 2 (purple and blue) on the daily chart

Now price is apparently breaking through the neckline after a failed attempt to punch back above it.  A confirmed break lower here would lead us to a major zone of support between 27,000 - 30,000.  If that fails then the next strong zone of support is at the Fib 76/78% off the whole long term rally down at 10,000...

BA-Weekly.thumb.png.4f85f5b0b479454a0f03664f39867f64.pngBA-Daily.thumb.png.a70e031b7e29a800a1345904d5b6ae04.png

  • Like 1
Link to comment
  • 5 weeks later...
  • 2 weeks later...
  • 2 weeks later...
  • 1 month later...

This decline in Boeing's value is really exceptional.  Will we ever see something like it again?

It's also a great case study for 'sell and hold'.  Except, considering you'd be paying a fortune in interest and dividends on a year-long-plus short position, you'd have to add to your shorts and take profit out periodically.  But ay me! you'd have made a sh!-ton from shorting with a stop above $445!

 

Edited by dmedin
Link to comment
  • 2 weeks later...

Boeing has had some big set backs this year. It's just been announced that Boeing terminated joint venture with Brazil's Embraer. 

Boeing has ended agreements for the joint ventures after a deadline for the deal passed. 

What does this mean for Boeing come market open Monday. Remember we offer pre and post for Boeing. 

image.png

This is not a trade idea but to keep you aware. 

Link to comment
On 25/04/2020 at 14:20, CharlotteIG said:

Boeing has had some big set backs this year. It's just been announced that Boeing terminated joint venture with Brazil's Embraer. 

Boeing has ended agreements for the joint ventures after a deadline for the deal passed. 

What does this mean for Boeing come market open Monday. Remember we offer pre and post for Boeing. 

image.png

This is not a trade idea but to keep you aware. 

 

The bars/candles in your chart look unusual Charlotte?  🧐

Link to comment

Who would be surprised that Boeing made a loss?  LOL look at how far the share price has fallen already

Did you sell and hold from March/April 2019 onwards with a stop just above $450 or so?   When the 'bad news' broke? Then you'd be stinking rich by now

Edited by dmedin
Link to comment
2 hours ago, dmedin said:

Did you sell and hold from March/April 2019 onwards with a stop just above $450 or so

Where were all the highly-paid TA gurus and market analysts when the second plane crashed?  🤔  Why were all the big brokers heavily long for months after the price started its decline?  🤔

BA_Barchart_Interactive_Chart_04_29_2020(1).thumb.png.eae3fd11b80e7add6696c074ddbff120.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • General Statistics

    • Total Topics
      17,285
    • Total Posts
      81,361
    • Total Members
      65,898
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    BethStan
    Joined 25/01/22 07:45
  • Posts

    • S&P 500 Record Breaking Reversal – True Reversal or Sheer Volatility? Jan 25, 2022 |  John Kicklighter, Chief Strategist. Full article on DailyFX Chart of S&P 500 200-Day SMA, Volume and ‘Tails’ (Daily) Chart Created on Tradingview Platform       Chart of S&P 500 with Net Speculative Positioning of IG Retail CFD Traders (Daily) Chart Created on DailyFX
    • Usually, when the markets are heading into major event risk, conditions settle in respect of the deep potential that lies ahead. That doesn’t seem to be the case for markets to start this week ahead of the FOMC decision. What should we watch and expect?  
    • GOLD, XAU/USD, FOMC, TREASURY AUCTION, YIELDS, TECHNICAL OUTLOOK – TALKING POINTS Gold prices gain overnight on haven flows as Wall Street volatility persists Strong 2-year Treasury auction helped push yields lower, 5-year auction eyed XAU/USD establishes support at former area of major resistance as prices rise Gold prices held firm overnight despite a US Dollar that was charged on safe-haven flows amid a volatile New York trading session. US stocks managed to close in the green after a late-day rally, marking an impressive intraday turnaround. The broad risk aversion and volatility was the likely driver for bullion prices. A healthy amount of buying in the Treasury market also helped gold by pushing yields lower across the short-end of the curve, while longer-dated yields trimmed losses as stocks rebounded. Bullion is sensitive to Treasury yields, as the metal is a non-interest-bearing asset. Treasury rates have risen sharply since early December, boosted by increasingly hawkish Federal Reserve rate hike bets. However, those rate hike bets may have become too aggressive. An overnight auction of $54 billion in 2-year Treasury notes was met with strong demand on Monday in the United States. The auction saw the highest demand seen since early 2020. That suggests the hawkish bets calling for nearly four Fed rate hikes in 2022 may be overdone. This is a good sign for gold as higher demand for bonds raises the price. Bond yields fall when prices rise. Bullion traders have a busy week ahead, with the Federal Reserve’s policy decision set to cross the wires on Wednesday. Federal Reserve Chair Jerome Powell may push back on some of the aggressive market pricing on rates during the post-FOMC press conference. Markets are currently pricing in nearly 100 basis points of hiking, which is likely more than the Fed is comfortable with currently despite the recent hawkish shift among even more dovish board members. Later this week, the Fed’s preferred inflation metric, the personal consumption expenditures price index (PCE), is slated to drop. Analysts expect a reading of 4.8% year-on-year in the core segment of the price index for December. That would represent a small increase from November. It would also be prudent to keep an eye on the 5-year note Treasury auction tonight to help gauge overall bond demand. Another strong auction could help drive down rates on the shorter end of the curve. That would likely bode well for gold prices. GOLD TECHNICAL FORECAST Gold prices rose from a newly establish level of support, which served as resistance numerous times going back to July 2021. The next target for bulls is likely the November high at 1877.15. The RSI oscillator is in neutral territory, while MACD strengthens. Prices may require a bit more consolidation before the next big push higher. Alternatively, a move lower would aim for a quick show of support from the former resistance level. GOLD DAILY CHART Chart created with TradingView   Written by Thomas Westwater, Analyst for DailyFX.com. 25th Jan 2022.
×
×
  • Create New...