Market is down today - Here's why
Inflation fears = interest rate hikes = slower economy
With gas prices surging and commodities strong (Alcoa), CPI will have to move up. Consumer Confidence reports this week should bring a spell of positive news.
In the meantime, this is a big buying day and I am loading up.
Also, for TIE specifics, notice the following
* TIE and 20 day MA. TIE hugs its 20 day moving average, which is $50. It got away from it, and it’s coming back. Note the resistance below $50.
* Alcoa. If Alcoa is doing well, imagine what is going on with TIE.
* Boeing. With a visit by China’s Premier next week, China is bringing gifts. A big one will be major plane orders. If that happens, TIE will surge
With gas prices surging and commodities strong (Alcoa), CPI will have to move up. Consumer Confidence reports this week should bring a spell of positive news.
In the meantime, this is a big buying day and I am loading up.
Also, for TIE specifics, notice the following
* TIE and 20 day MA. TIE hugs its 20 day moving average, which is $50. It got away from it, and it’s coming back. Note the resistance below $50.
* Alcoa. If Alcoa is doing well, imagine what is going on with TIE.
* Boeing. With a visit by China’s Premier next week, China is bringing gifts. A big one will be major plane orders. If that happens, TIE will surge
posted by Andrew at
11:14 AM
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