Boeing got socked for a rare change, burying its deep-pocketed sponsors with a late-session plunge so steep that they were barely able to recoup a third of the day’s losses before the final bell. The swoon generated a pattern that promised to push the stock down to at least 321.85, a midpoint pivot shown in the chart, in the early going Tuesday. You can bid there for 100 shares using a stop-loss as tight as 321.59. If it’s hit and decisively exceeded, the 305.54 ‘D’ target would be in play. _______ UPDATE (6:31 a.m.): The stock has traded down to 318.21 — sufficient to stop out the position recommended above for a nominal loss of about $26. The 305.54 target is theoretically in play and can also be bottom-fished with a very tight stop-loss. It would be negated by a print exceeding 338.15.
