BA trade ideas
Boeing BA - A Dark HarbourI have never looked at Boeing until today, when I saw some guy posting ideas about it while I was having lunch and I didn't even recognize the ticker, and so I took a look at it, and was surprised to see what I found.
In considering this company, I completely understand that they've had problems with their planes, and big ones. But I have also said that I do not put much weight in the ostensible correlation between fundamentals of a company and price.
So long as the equity is still being maintained by Wall Street's behemoths, price action will remain orderly made and constitute a fractal that is rationally written and contains the combined intelligence of all market participants.
Boeing is really notable on the monthly charts:
Frankly, its bullish price action looked even better than what stuff like AAPL and TSLA printed during this unsustainable Federal Reserve money printer-backed tractor pull to SPX 4,800, and it occurred before COVID, and was accompanied by heavy distribution.
It only finally corrected when COVID hit, and yet it only swept out the '16 low, which led to the original impulse to $450.
Even more taste bud-piquing is the weekly chart:
BA has not had a shred of bullish impulse since March of 2021. More or less, while the entire market went ape-up in a straight line, Boeing has just grinded downwards.
This is highly indicative of significant smart money accumulation.
When the big 2022 correction started, Boeing lost 30% like everyone else, but formed a 24-month double bottom and protected its pre-COVID low with a generous wick and a healthy bounce.
More importantly, there is a gap that appears both on the daily and weekly candles at $330, which is exceptionally notable considering this mid-term range high, printed 18 months ago, wasn't far away at $~279.
I believe that a significant shakeout in the market will come shortly.
VIX - 9x8 = 72
But based on the price action of Boeing, I can't help but feel this is the definition of oversold and that an expectation from short sellers that this is going to turn around and rip south to new lows is going to be met with only one outcome: liquidation.
For other defense contractors like Lockheed Martin and Raytheon, although they have totally different (and much more bullish) price action compared BA, they share the characteristic of severely lagging the overall market in terms of bull impulse.
And these are arguably the most critical companies underpinning the United States and the globalist empire.
This leads me to believe that what lies ahead is a catalyst that will see defense and aerospace stocks go on a _significant_ bull run, providing an unlikely harbour amid an overall market that sees both equities and commodities revisiting (and breaking) pre-COVID market structure.
SPX / ES - Bull Whips and Bear Saws
For Boeing, it's still too expensive to buy, trading above the equilibrium point of this June-forward dealing range.
However, if this thesis that Boeing will go on a tear and not turn around and die is correct, I would want to see it fall to only a certain point and not flirt with the double bottom or the even the June gap lows.
The best buy signal, hands down, will be a dump into the $135 range, accompanied by market makers reverently supporting this area.
If so, you should definitely expect this whole 18 month range below $280 gets cleaned up, and likely in a highly aggressive fashion.
The question is, what serves as a catalyst for the defense and aerospace industry to moon?
There are no pleasant answers.
BA Potential for Bearish drop| 5th September 2022On H4, with the price crossing below the ichimoku cloud , the MA 20 is above MA 10, and there is a possible "double top" pattern, we have a bearish bias that the price may drop from the sell entry at 150.27, where is the 38.3% fibonacci retracement to the take profit at 141.81. which is in line with the 50% fibonacci retracement and previous swing highs. Alternatively, the price may rise to the stop loss at 158.33, where the neckline of "double top" is.
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BA Potential for Bearish drop| 5th September 2022On H4, with the price crossing below the ichimoku cloud, the MA 20 is above MA 10, and there is a possible "double top" pattern, we have a bearish bias that the price may drop from the sell entry at 150.27, where is the 38.3% fibonacci retracement to the take profit at 141.81. which is in line with the 50% fibonacci retracement and previous swing highs. Alternatively, the price may rise to the stop loss at 158.33, where the neckline of "double top" is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
IRON CONDOR IDEA OPTION #2BA - Short Iron Condor Trade Idea:
Expiration Nov 18th.
Strike Prices to create:
Long Call: $200.
Short Call: $195.
------{current price $152}------
Short Put: $90.
Long Put: $85.
Approx. $55 credit currently (subject to change).
$500 Collateral.
Risk:Reward Ratio: $445:$55, or 8:1.
Short strikes can accommodate moves of 28% up and 40% down from close price on 9/2.
IRON CONDOR Trade Idea for 11/18 ExpirationBA - Short Iron Condor Trade Idea:
Expiration Nov 18th.
Strike Prices to create:
Long Call: $220.
Short Call: $215.
------{current price $152}------
Short Put: $105.
Long Put: $100.
Approx. $55 credit currently (subject to change).
$500 Collateral.
Risk:Reward Ratio: $445:$55, or 8:1.
Short strikes can accommodate moves of 41% up and 31% down from close price on 9/2.
BA - Dead Since 2018Chart request for @Othman07,
Here is BA with SPX overlaid.
BA bull run ended in 2018 along with stock indexes topping. It has been in a downtrend ever since. And so for anyone that held since then they would currently be down 60% whereas if they put their money in SPX they'd be up 36%.
Since 2018 BA chart has been terrible. The trendlines show corrective price action and as you can see apart from 2 dumps its all been corrective.
BA bounces in Automatic Rally from 2020 low with indexes, but where SPX pumped from 2021, BA diverged and fell into a downward channel only to dump again after SPX topped.
From here who knows there is a possibility that the correction has now ended and if indexes recover it will go on another bull run, however there is nothing in the chart to suggest this currently/
Much more likely is that the corrective price action will continue and BA will bounce with indexes up to the common shakeout reversal zone in the blue band only to collapse down and find a lower low. If it doesn't reach the band its even more bearish. If it gets above the band then its potentially bullish.
Not advice.
BA - Correction To Dump AgainSo many people have hope for this name but all it does is correct and dump.
Top hit log 0.786 from the thrust dump candle and now the LTF bounce is about to strike resistance where my limit short order is.
Should be heading down along with an index correction shortly.
Not advice.
BA - Next Stop $55 ⚰️BA has been my favourite short setup thus far. It just has not reacted at all to the index overshoot and done nothing over the last 2 weeks other than gap up with everything else.
I covered it in shorter term previous thread but in this thread I'm looking at targets.
BA is in a MAJOR bear market here and as titled in a previous thread it really has been dead since 2018.
All upward moves have been ultra corrective.
And since the top I think it will prove to be just 3 big waves down from 2018
BA has twice bounced through the 200 month MA and this time I think it will capitulate on through down to an eventual 1:1 @ $55.
Not advice.
Boeing Could Be Losing AltitudeBoeing rallied in July, but now it could be losing altitude.
The main pattern on today’s chart is the trendline running along the highs of mid-January and mid-February. The latest rebound saw prices revisit -- but not break -- this line.
Second is the April 11 low of $173.40. BA tested that level in mid-August before rolling over. Has old support become new resistance?
MACD has also been falling in the last two weeks, which could suggest momentum is slowing.
Finally, Bollinger Bands Width recently narrowed to the tightest reading of the year. That volatility squeeze may create the potential for price expansion if it the current tight range gives way.
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BA: Week of August 29Thought I would give a BA update because its on my list for this week.
Will keep this one short and to the point.
My preference with BA is as a day trading candidate. Its slow, steady and predictable. Generally remains fairly range bound. With that in mind, on Monday I expect selling to continue. Highest probability targets for Monday are:
1. 163.11 (Highest probability); and
2. 161.38 (Second highest probability).
For you swingers, trading range for BA this week is displayed in Blue, with a range of 148 - 181.
Immediate calculated target for swinging is 154.89. This is just based on math calculations.
Technically, there is some cluster/demand support around 141 displayed in the blue box.
Overall, BA has been really resistant in selling down too much lately. Its been very range bound. The broader market will likely bring it down some more; however, I am not terribly short biased on BA. I am actually pretty neutral. Its range boundness is the reason why its a fun day trading candidate. However, it is in a notable head and shoulders pattern, but I really find chart patterns have been super unreliable lately and generally just ignore them all together in favor of following math projections.
I do fully expect this to re-test the 150s and if I were to swing it (which I actually may) 154.89 would be by TP. Its quite likely it will fall more, but again, not overly short biased here and I prefer day trading this stock.
Trade safe everyone!
Leave your questions, comments and critiques below.
BA Potential for Bearish Continuation| 24th August 2022On H4, with the price breaking the ascending trendline and crossing the ichimoku cloud, we have a bearish bias that the price mat drop from the sell entry at 159.05, where the 23.6% fibonacci retracement is to the take profit at 142.11, which is in line with the overlap support and 50% fibonacci retracement. Alternatively, the price may rise to the stop loss at 173.06, where the swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.XAUUSD Potential for Bearish Continuation| 24th August 2022
Boeing Sell SideI wouldn't bet on bulls this week...hehe
The weekly time-frame pullback trip seems to have completed last week. Time to simmer back down to the 130s
Keep it simple...
$BA SHORT AFBELOW 162.62 is a good opportunity to go short on BA for some big % puts. you can scalp the GAP or you can wait for a move to break below the gap and play it to the next support line.
Crooked WShort interest is less than 1.9%.
Possible support level at gap below price.
The 4th leg landed at the .786 if it has ended. The 1st leg or the impulse wave is down.
If price does not make another high above the .786, this could be a Bearish Cypher.
Earnings October 26 BMO.
No recommendation
Quick BA AnalysisJust an overview on BA, This is a stock I'm looking to invest in long term, don't feel like now is a good time to start building a position. Will Wait for a retest, bullish or bearish.
BABA Potential for Bearish Drop | 12th August 2022On H4, as there is a bearish divergence of price and MACD , and the price is almost breaking the ascending trend line , we have a bearish bias that the price may drop from our sell entry at 162.78, where the price is testing. If the price break the sell entry, we could take profit at 149.55, which is in line with the 38.2% fibonacci retracement . Alternatively, the price may rise to the stop loss at 173.01, which is in line with the pullback support and 78.6% fibonacci retracement .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BABA Potential for Bearish Drop | 12th August 2022On H4, as there is a bearish divergence of price and MACD, and the price is almost breaking the ascending trend line, we have a bearish bias that the price may drop from our sell entry at 162.78, where the price is testing. If the price break the sell entry, we could take profit at 149.55, which is in line with the 38.2% fibonacci retracement. Alternatively, the price may rise to the stop loss at 173.01, which is in line with the pullback support and 78.6% fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Boeing Company (The) to 185Grabbed the 19 AUG 22 CALLS (185 strike) today at the 164 lows that BA made.
Looking to swing these until BA can hopefully make that move happen right into 180-185
BOEING approaching a 1 year MA Resistance ZoneBoeing (BA) has been on a strong rise ever since the June 14 Low, with the 1D MA50 (blue trend-line) supporting. This trend is approaching its most important long-term test as the Resistance Zone formed by the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line) is just above. This Resistance Zone has rejected every break-out attempt since August 17 2021 (the only 1D candle that closed above was the November 15 2021 but no 1W candle every closed above).
As a result, it is the critical test that will most likely issue the trend of the next months. A 1W close above this Resistance Zone, is a bullish break-out signal targeting $220.00 which is just below the Resistance cluster shown on the chart. A rejection on the 1D MA200/ 1W MA50 Resistance zone, targets the 1D MA50 on the short-term at least. We have to give the bullish break a higher probability as the 1W RSI is on bullish reversal pattern since the May 23 low.
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