This deal is on....

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.

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Bouncing

Things come alive. As there are: financials, some commodities but also big infrastructure companies. There is Obama and also China and India will not abandon the path of growth completely.
In the US means the infrastructure renaissance big business for the government. And the biggies will profit from this. We think that companies as Fluor (ticker: FLR), United Technologies (ticker: UTX), Siemens (ticker: SIE), Caterpillar (ticker: CAT), Veolia (ticker: VE) en Jacobs Engineering will be in the driving seat.

We observe that ABB is breaking out on our renko charts.

The CCI passed the -100 mark and is rising and also the SAR flipped under the price action

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