Things are on the way back…
We mentioned earlier infrastructure stocks. And ABB.
Here is another one. Power-plant specialist Shaw Group (ticker: SGR). The stock jumped 8% yesterday. I love Obama. Because at the end of the day all this proposed infrastructure projects will end up costing twice as much as the original estimates.
But the American people love the idea of these big infrastructure things and taxpayer money will flow.
And that’s what the market is telling us: ‘the infrastructure deal is on’.
The daily renko-chart is illustrating this phenomenon. After a double bottom in December, this stock is flying.
We have to mention that positive volume is especially high of late.
We mentioned earlier infrastructure stocks. And ABB.
Here is another one. Power-plant specialist Shaw Group (ticker: SGR). The stock jumped 8% yesterday. I love Obama. Because at the end of the day all this proposed infrastructure projects will end up costing twice as much as the original estimates.
But the American people love the idea of these big infrastructure things and taxpayer money will flow.
And that’s what the market is telling us: ‘the infrastructure deal is on’.
The daily renko-chart is illustrating this phenomenon. After a double bottom in December, this stock is flying.
We have to mention that positive volume is especially high of late.
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