24Aug1:20 pmEST

Harvey is Messing with Texas

via the National Hurricane Center on Tropical Storm Harvey:


...Harvey has intensified quickly this morning, and is now forecast
to be a major hurricane at landfall, bringing life-threatening storm
surge, rainfall, and wind hazards to portions of the Texas coast.
Preparations to protect life and property should be completed by
tonight, as tropical-storm-force winds will first arrive in the
hurricane and storm surge warning areas on Friday.

With this development in mind, the news headlines are certainly beginning to pick up about Texas and the possibility of Harvey's landfall as a major hurricane. Indeed, it sure is that time of year. 

Regarding actionable trade ideas off this news, GNRC, below on the daily chart, is your backup home generator play. Over $37.70 now should bring in some more buyers. Also note the recent spurts of buy volume in August (bottom pane of chart): Perhaps the market was anticipating a nasty storm season?

Either way, GNRC is just one of the possible angles to play if Harvey actually has some teeth to it and is more than the usual late-August/September Weather Channel drama. 

Back to School Retail Dumpst... Stock Market Recap 08/24/17 ...

 
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