Welcome back to bobby cox Trading The Close. The S&P 500 and Nasdaq continue their relentless push higher as a high-powered US business delegation—including the CEOs of NVIDIA, Apple, and Tesla—concludes their first round of talks in Beijing. hiv While the sentiment is bullish, today’s price action in the aerospace sector proved that the market sometimes prices in perfection long before the ink is dry. ✈️ The Boeing "Sell The News" Event. The headline everyone was waiting for finally hit: China has agreed to purchase 200 Boeing jets. The Reaction: Despite the massive order, Boeing ($BA) shares sold off on the news. We analyze the technical "topping" signal and identify the key nick foligno support levels where buyers might step back in. The Warning: If one of the biggest plane deal in years can’t lift BA, what does that say about the rest of the tech CEOs currently in China? We look at the "exhaustion" risk for the broader delegation.🚀 Rocket Lab (RKLB): The Vertical Move: Rocket Lab ($RKLB) continues its historic run, establishing yet another All-Time High today. The Chart: After surging following its Q1 results, RKLB is showing no signs of slowing down. We map out the parabolic arc and discuss the risks of trading a stock that is this extended from its moving averages. 💻 Semiconductor Supremacy: MRVL & AVGO. While the macro focus is on China, the chips are doing what they do best: leading. Marvell ($MRVL) & Broadcom ($AVGO): Both of these titans hit brand new All-Time Highs today. We provide technical analysis on the breakout volume and show you the "measured move" targets for the next leg of this AI-driven expansion.📊 Macro & Commodities. We check in on the daily levels for Gold, Silver, and Bitcoin, alongside a volatile session for US Oil as energy traders weigh the impact of potential trade thaws between Washington and Beijing.🎯 Tickers Covered Today: Market Benchmarks, Tech & Semi Leaders. The China Play, SPY, NDX, IWM, AVGO (New ATH), BA (Boeing Sell-off), SMH (Semis), MRVL (New ATH), US Oil & Nat Gas, Gold & Silver, RKLB (Space Highs), Bitcoin,10Y Yield, Natural Gas. Disclaimer: This show is for educational and entertainment purposes only. The information provided is not financial advice. Trading stocks, options, and commodities involves substantial risk. Always conduct your own research and manage your risk appropriately.
