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Boeing & Continental: In the Event of an Emergency Landing ....

Fibozachi's picture




 

.... please fasten your seat-belt and return your tray table to an upright position.

One of our daily stock scans returned an oddball pattern at the end of last week that is extremely rare and extremely interesting from a technical perspective; 4 consecutive "filled white" candles.  The culprit in this instance: none other than Boeing, the big BA, who just yesterday completed an "ultimate-load wing up-bending test on the 787 Dreamliner" with "positive initial results."

 

While analysis of the data for the long-delayed Dreamliner will take several weeks to sift through, "the test program has been more robust than any conducted on a Boeing commercial jetliner," said Scott Fancher, Boeing vice president and general manager for the 787 program, in a press release.

 

In the interim, we took a few snapshots and present a technical profile for the big BA.  Click on any image to view a large, crystal-clear picture.

 

BA Daily: Trendlines of Support & Resistance

 

BA Closeup

 

BA Daily: Fibo Time Cycles

 

BA Daily Super

 

BA: Daily Gap Fill

 

BA Gap

 

BA Weekly: Support & Resistance

 

BA Sup-Res 

 

After a quick look at the airline sector, Continental Airlines (CAL) stood out as another utterly fugly issue ripe for reversal.

 

CAL Daily

 

CAL Daily

 

CAL Daily: Fibonacci SMAs

 

CAL Daily SMA

 

CAL Daily: Fibonacci EMAs

 

CAL Daily EMA

 

Brings a classic broker joke to mind:

"when is it a good time to sell airline stocks .... when the stock market is open." 


 

Disclosure: no position in the securities mentioned at the time of publication.  During any given session, we may trade any instrument bi-directionally.

 

For similar technical calls and insights into the idiosyncratic machinations of financial markets ~ check out fibozachi.com.

There, you can view a body of our analytic work as well as detailed explanations of the unique design development and technical methodologies within the proprietary technical indicator packages that we employ daily to perform a comprehensive technical analysis of financial instruments (stocks, options, ETFs, bonds, futures, FOREX, etc.) across interval periods of time, tick and volume.

 

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Wed, 03/31/2010 - 01:45 | 281389 delacroix
Mon, 03/29/2010 - 20:25 | 280133 delacroix
delacroix's picture

maybe the wing test went okay, but the test, of the fuselage where the wings connect, was a big FAIL.  787 dreamliner = experimental aircraft.  when this turd is finished, flying on 25 year old 727's will be safer

Mon, 03/29/2010 - 08:30 | 279510 wagefreedom
wagefreedom's picture

Dude--check your commentary on the top chart. You're saying 'weeks' when you mean 'days'. I'm confused enough as it is...

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