February 6, 2018 | Boeing’s Rally Will Determine If the Bull Is Really Dead

Boeing [BA], which has long topped portfolio managers’ list of own-or-die stocks, is the only performer we need watch on Wednesday to settle the question of whether the bull market is dead. From the look of things at Tuesday’s close, the stock is eager to put the fear of the lord in bears’ hearts, and to rebuke the news media for all those scary, hand-wringing stories they’ve trotted out over the last couple of days. I’ve provided some precise benchmarks in BA’s chart (see below) so that you can follow the action knowledgeably and judge for yourself. Bottom line: If the stock pushes past 350 over the next day or two, the case for a bear market will be as dead as Kelso’s nuts.
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Rick Ackerman February 6th, 2018
Posted In: Rick's Picks