Boeing has been one of the best names in the Trifecta portfolio since inception, consistently outperforming the market. It is one of the names that has helped our portfolio shine since 2013. It is also one of the favored names of Jim Cramer. He talked recently about the strength of the business with the CEO on Mad Money, and Bob Lang picked this name for an off the charts segment back when it was 70 bucks. In that segment Bob and Jim suggested the stock had further upside, and it is now more than 100% higher today. The chart is in a great spot here, after some consolidation it seems ready to move upward. The recent low of 140 in early May was tested last week as the stock made a lower high in the daily chart. However, the power move from January still is in place and acts as huge support. The MACD has rolled over and other indicators are bearish, yet there is a divergence due to price not having followed the indicators. We look to price action as the FIRST and most primary indicator. At this point we would like to see the price settle down, rest and have the indicators get re-charged for a run back up toward the old highs. We like the opportunity here and would add more on a dip. The prior time we did buy on the dip was early Jun 2014 and turned out to be an excellent buy point. Trifecta, with its triple filter of quant, technical and fundamental put together this winner in 2013, hopefully one of many to come.
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