Shares of Boeing have been pulling back since early December.
Another range bound stock. It remains a position in our LPAM Tactical Opportunity Strategy.
Testing pennant support and the 50 Day. LULU remains a position in our LPAM Tactical Opportunity Strategy.
Retesting post earnings low this week, attracting some attention.
Technical Analysis at work: On 10/26 we stated that we remain bearish on Crude (could be headed to major support at 30) unless it closed above 42 (resistance) which is bullish. Arrow = close above 42.
Depot remains range bound. More probable as a long with a close above the range.
2020 was notable for many things, but one of the below the radar happenings in the financial markets was the absolute explosion in options activity. In many cases, option flow actually drove the performance in the underlying stock, the classic "tail wagging the dog"...
On the move?