RE: Realism8 Nov 2021 09:16
TUI the only one bucking the trend, only just. Reuters posted a story talking quite negatively about return to business travel which may have had an impact, or reinforced prediction prejudice. End of last week iis marched it up the hill, today marched it back down again. It looks increasingly that auto trading of the sector is going to continue for a long time to come, so the key for day trading is going to be determining which one of the stocks or which global news event is going to determine the trajectory. I see an overall drift up with no extraneous events for 6 months + but also sharp swings down and slower restoration as the iis and computers milk the pis, as done so over the last year. Maybe time to brush up on my Fourie analysis now the big funding stories are out of the way for 6 months. See if there is a predictable frequency developing across the sector.
Bad news to come. Australia and New Zealand. Now they are opening up, they will now have to go through a lot of the infection spread despite vaccination. Panic response returning to lockdown and trying to control the spread of virus might have a knock on effect with other returns to lockdown. There are a number of treatments now available so it should now just be treated as an illness best vaccinated against but mostly treatable. But moving to that position requires people relinquishing power and position, and their comfort blankets, and is being shown to be a difficult move forward. For example, there is absolutely no need for mask wearing in terminals or on flights, but the mask lobby continues to hold on to these zones for influence and take every minor blip to reassert the mask, their power leaver they can't let go of.
Day trading opps for 6 months with the airline sector continuing to behave as a bloc.