Lockheed has been a good long term performer.
Notice the changes in the slope and channel effects of late. Also note that while price has continued to grow, there is little structural support along the way.
Last year, the Aeronautics group took a big hit, got a new VP, and lost the th generation fighter job to Boeing.
During the 2025 Tariff rumble, LMT was used as a sanctuary holding.
Good morning, the overnight & weekend Dow, S&P, and Nasdaq has:
1) hit the 50% pullback we spotted a few weeks ago.
2) It also (finally) is near, and in some cases met, the 50 month moving average….
3) Thirdly, price in the three indexes appears to have plopped into what my eyeball judges as a reasonable structural volume….
We’re at the three targets I saw and would imagine seeing some sideway as things get caught up.
Squinting - There appears small gaps in the weekly around December (post election rally) that might be a point revisited.
It’s Monday…..
ES
NQ
YM
