With regime change war seeming more and more likely in Iran and/or Venezuela, I wonder if a decent buying opportunity for the next couple years long-term would be a Raytheon (RTN), Lockheed Martin (LMT), or similar companies like Boeing (BA). Thoughts?
RTN is coming out of a dip, that you don't often see in that ticker. One of those companies that seems pre-determined to stay in business for decades.
A few biotech names are not being affected today. XBI holding above 82.50, see which way it breaks out of the weekly candle from 3 weeks ago
China is still planning to attend talks despite Trump's tariff threat https://www.cnn.com/2019/05/06/business/china-us-trade-talks/index.html Decent recovery for the market after the gap down For now it seems like China is still attending the trade talk this week. If they eventually decide to cancel the trip and the tariffs go up to 25% without any progress in talks then we might see another dip later this week.
Would be amazing if we manage to close green Huge recovery so far though, major indexes down less than 1% now
Shanghai index fell right through the 50 ma. Funny that it was struggling for a week before that. US markets showing strength.
i mentioned last week how when we printed the new ATH (intraday) in the cash then closed on the lows, i thought maybe we had some kind of KRB (key reversal bar) going there (we did, made a new high then closed below the prior days low)...however i then noted that we failed to print the ATH in the ES futures during the RTH (regular trading hours) which was (as the shadowtrader guys would note) a "poor high", it was not meaningful excess in the market profile, and thus not a proper end to the auction. we'll see if that holds true... another thing too is that the DJ30 did not join in with other majors in ATH territory. i believe it was @Venom08 (?) who first pointed this out in here a few months back, that the run typically doesn't end with just one or two indices are making new highs.
CAT sitting at a provocative spot.. If the demand line on this wedge can hold and the trade story changes (again), could see a launch pad here
I've been assuming AAPL would make it back to ATH. SBUX has been strong, basically holding even the last 2 days.
