Boeing BA Stock Price Advanced 15 Percent 2018 11-30-18

BA Boeing

BA Boeing

Boeing to See Another Breakout Year in 2019, Analyst Says

Boeing stock (BA) could be headed for another great year in 2019, says Cowen & Co.

Boeing is up 15% year to date, floating above the trade war worries that have weighed on other industrials. Strong free cash flow, dividend increases, and air-travel demand all bode well for Boeing’s 2019, says Cowen.

Boeing’s strong showing this year comes after it was the best-performing stock in the Dow Jones Industrial Average in 2017 as well. And Cowen believes that it’ll do it again in 2019.

barrons.com/boeing-breakout-year

BA The Boeing Co 11-30-18

BA The Boeing Co 11-30-18

Today's Trade of the Day | 11-1-18

KO Coca Cola Co traded into a "failed test" of the 52 week high. This pattern represents one of my favorite order flow trades. When a stock makes a new 52 week high or low, then tests that level and fails, I look to start building a position in the opposite direction for a longer-term position trade.

In this case I am looking for a new short-sale to trigger on a break below $48.50. For this trade the stop loss would be on a close above the 52 week high. Trade management calls for building the position in 3 stages as the stock price moves in the intended direction of the idea.

Each new portion adds fewer shares than the previous until the total desired allocation is built.

KO The Coca Cola Co 11-30-18

KO The Coca Cola Co 11-30-18

Stock Trading Ideas Friday 11-30-18

Bullish Cash Flow: DLTR, OKTA, TNDM, ETSY, SPLK, MOS, TSRO, NFLX, NTNX, ADSK, DISCK, DBX, SFIX, TWLO

Bearish Cash Flow: aa, twtr, jwn, schw, cgc, urbn

Bullish Breakouts: DLTR, ADSK, NVS, MDT, LLY, DHR, MRK, ABT, UNH, CI, FAST, WBA, A, KEYS, A, KEYS, XLNX, BAX, MNST

Bearish Breakouts: twtr

Double Average Volume: TWTR, ANF, DLTR, AET, NCLH, AA, MXIM

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Tape Reading the SPY ETF

SPY ETF 60 minute chart showing a topping tail, well offered and swing high. All short-term reversal patterns. The longer-term red line show the bearish order flow on the daily chart. The red arrow shows my target for a decline .

The $269 level shows the price I expect short-term profit-taking to reach and new buyers to step in and hold the bid (buy more shares). It's interesting to note that the short-covering rally was fueled by the FED comments on interest rates. Today we get to see if bullish traders believe it was enough to sustain the end of year rally.

SPY ETF 60 Minute Chart 11-30-18

SPY ETF 60 Minute Chart 11-30-18

About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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