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
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