30Aug10:42 amEST

Talkin' 'bout My Generators

Generac Holdings Inc., a designer and manufacturer of power generation equipment, seems like an obvious "hurricane play," off the Harvey headlines. But as we can see, with the crude oil and natural gas weakness, there are no sure things when it comes to natural disasters and the subsequent fallout. 

Still, given that a major American city is still underwater, at some point one would think there is going to be a buying "surge" in generators to get back to somewhat normal, 21st century life as soon as humanly possibly. Even with the absurd price gouging taking place (see above), generators are very likely a hot commodity in Texas and parts of Louisiana. 

On the updated daily chart, below, GNRC sets back up as a long idea over $39 to trigger, which is well-defined resistance. 

Elsewhere, large cap biotech is outperforming thanks to GILD. We are looking to see if REGN gets moving back over $490, too. 

Stock Market Recap 08/29/17 ... Revive or Die


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