Industrials

Wait and see what happens after the CEO shake-up.

Boeing Sees a Bull Retest Real Money Pro($)

Boeing's pullback is a shallow one.
Until I see a sustained uptrend in the OBV line and positive slope to the 50-day moving average, I don't see any technical reasons to be long.
The next few weeks of rising prices is a critical action window.
The tread is thin on Goodyear in spite of Thursday's gap up at the open.
Slack volume makes me a nervous long.
Caterpillar's stock could move towards $125 by this time next year.
Buyers are pushing from below and unyielding sellers are pushing from above.
Stock has nearby support areas.
CMI might trade sideways in the $154 to $161 area for a while longer, but fresh highs are likely in the weeks ahead.

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