ITA completes retest of previous resistance turned support with clear indication of renewed strength with bullish price actions seen for the past two trading sessions. A bounce up to continue the uptrend is likely.
Seems obvious that aero & def names should move. Posted the $LMT breakout last week. Whole sector looks like it should move higher and charts support it.
We will see in near future whether it could stay above on the support trend line .
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Hi, today we are going to talk about ITA ETF and its current landscape.
This ETF holds exposure to U.S companies that manufacture commercial and military aircraft and other defense equipment, these companies hold great dependency on rare earth materials, so its costs hold a key significance on its margins, which might get a lift due to the most recent news coming...
Hi, today we are going to talk about the iShares U.S. Aerospace & Defense ETF and its current landscape.
With more than 400 planes grounded, 737 Max crisis is still backlashing Boeing Co., and now the Boeing problem could become the industry "problem" as the Federal Aviation Administration (FAA), may fundamentally change the certification process of aircraft, by...
Another frustrating chart in that I can't tell if it has finished a 4th wave correction in May and has now embarked on it's wave 5 or has this wave 4 correction got a few more ups and downs to go. In the spirit of EW alternation the 2nd wave correction in 2016 was a shallow one so perhaps a deeper wave 4 could be expected now. Doesn't always follow though and with...
With the mess in NK still creating market tension. This could be a possible trade on ITA that could play out due to the speculation of war.
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Feel free to comment if you have any input or a subsequent chart contrasting my analysis.
Thnx.
