The stock market’s nervous ups and downs on Wednesday left little room for a confident call, even on the short-term trend. However, in the current batch of touts I’ve singled out Boeing as the stock most likely to lead the broad averages higher if the week is to finish on an upswing. Although I’ve saved my detailed analysis for paid subscribers, I’ll note for the benefit of casual followers of Rick’s Picks that a two-day close above 348.80 would probably carry the week not only for Boeing, but for the stock market as a whole. BA closed on Tuesday at 347.06, exactly $1.74 from my bullish trigger point.
Watch Boeing for Market Clues
- March 8, 2018, 1:16 pm
Important Indexes to be observing now, are the $COMPQ and $RUT.
These indexes are at their ‘lower’ 20 trading day high point, as of yet have not created a new all time high from the recent low point. Failure to comply towards that new high suggest ‘its on’ and the 1 and 3 day ago low is very important towards all indexes for a timing process.
Targeting towards recent and further lower lows.