BE Aerospace (BEAV)

Remember the BEAV? The BE Aerospace (BEAV: news, chart, profile) continues to act well. We`re buying this now. The stock is in great shape. It is in the focus list and has been for a while and has never been higher since 2001. That is where the stock is headed right now in this current advance that is nothing short of stunning.

The BEAV is up 32% this year. It is on the focus list and stays there until it either gets to extended or fails. The BEAV has risen 120% in the last 52-weeks. Nice stock the BEAV is,a very nice stock that can provide you with positive returns and real profits if you are able to take them. Not everyone has the ability to take a profit. I`d rather not ride it through all the cycles. The BEAV is in a persistent advance that will enable higher price points. The key level right now is 15. That`s the support. That is what to focus on and the stock is right there. The place to put the stop is right around the 150 day moving average for longer termers. Those that are in it for a short trip then use the 10-day line, which is 14.60,and swing traders can employ the current 50-day line and that is 12.75. This one is solid right now.

Boeing (BA)

When a stock gets ahead of itself, it drops. There are corrections within all advances. Breakouts get tested. Stocks get extended. The way to solve an extended condition is to take it down. It is easily accomplished because stocks that are extended typically run out of demand. When the demand is not present then sellers have to lower prices to get out of the stock and when there are far more sellers then buyers the stock takes a hit. The short sellers get relief when profits are taken. The shorts get a chance to buy and cover and move on.

Boeing (BA: news, chart, profile) is in a solid advance and the price came in providing a good chance to pick up shares at a better level than the high level; made last week and will likely get a test soon. The high made last week is 66.09. Been involved in BA for quite a while now and made money in it each time.

Buy the stock in here down to 62. That is my plan. I prefer 62. If the stock does not cross 66.10 on a close after the challenge is made then start selling it in pieces. Either trim or reduce depending on the circumstances that occur then. The BEAV gives you small-cap exposure and BA offers large-cap involvement in a leading group. BA is still up over 21% this year despite recent declines. Place the stop at 59.99.