Tuesday, April 28, 2009

Swine flu

I forgot to mention about the swing flu. Thanks for that.

Because of that, travel industry is getting hurt a lot. Airlines require oil to fly their planes, so oil goes down and what's nat gas going to do. Since it's the weakest in the oil industry even though there's no nat gas plane, it gets sold off first. 

Lumber is not only related to residential building but more importantly a lot of travel related buildings, for example, hotels and vacation homes. People are very fearful about doing it and lumber took a big plunge yesterday....... and today.

FOMC announcement is coming out at 2:15PM ET tomorrow as usual, so be cautious. I'm looking for markets to move higher generating a blow-out top. We're really close to the top. 

No comments: