March 27, 2019

Boeing Bounce

The markets turned down on aggressive selling since the open today, but Boeing (Ticker: BA) helped the rebound as the stock rallied on the news. Boeing announced a measure to enhance training and software fix to the MCAS system. It really was a simple fix and this measure should prevent other issues from coming up. The question though has to be “Why were engineers not able to see this coming?”. This is a major issue due to the amount of 737 Max planes sold worldwide. Now you shouldn’t feel as if planes are not safe. Quite the contrary, if you think about it. How often do planes just fall out of the sky? How often have you been on a plane where the fear of god hits you because of a huge drop? I get that feeling almost daily driving in Chicago (lol). I have never experienced that fear while flying.

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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