These three Dow stocks are on the verge of the dreaded death cross (via TradingNation)
look to be headed in the same direction -- their 50-day moving averages are within 1% of their 200-day."Sixteen of the 30 names in the Dow are now in some sort of bearish technical setup at this point in time. If you do the math on the S&P 500, you've got about 15% of the S&P 500 now below its December lows," Johnson said Friday on CNBC's ""Look at an Exxon Mobil, you've been making lower lows and lower highs for quite some time.
Johnson says Boeing may not find support until it returns to December lows at roughly $292.47. The stock would need to fall 14% to return to those levels. Two Dow stocks do look like a buy after May's sell-off, though, says Quint Tatro, founder and president at Joule Financial. "We're trying to stay away from companies that have this direct exposure to obviously what is impacting the market here," Tatro said during the same segment. "The two that we favor right now are Walmart and Disney, navigating well in this very uncertain environment."
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