–Hard Landing? – The airliner saw its lowest intra-day levels touched in more than two years yesterday following an update on the chaos caused by Hurricane Florence. Early estimates indicate that approx.. $55 million was lost in potential revenue after 2,100 flights were cancelled around the storm. The industry will be tested again this week with another Hurricane scheduled to make landfall on the Florida panhandle later today. Shares are indicating a flat open at this point after plummeting over 3% in yesterday’s session.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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