With SpaceX having a terrific first day, one would assume all the other rocket and satellite companies would be hitting new highs. Nope. Most of them fell by double-digit percentages. Let me put it this way: if SPCX starts to weaken during its first real trading week, you can expect this entire sector to go to the doghouse.
Not to put too fine a point on it, but the index charts below are just BEGGING for a smackdown. Getting past the SPCX IPO clears the field. The main wild card now is the Iran war. The best news for the bears would be for the damned thing to get settled. In any case, take a good, hard look at these:
Dario’s firm has been firing on all cylinders lately:
