Egypt Protests & what stocks/ETF can you trade on that news?

 

This morning we had a webinar with Christian and Jeff from our chatroom as the presenters – along with Sandra who gave us a good analysis from her experiences visiting the Middle East.

We had a good discussion of the effects of Egypt & Middle East on certain stocks & ETFs such as oil, natural gas, textiles & construction.

One thing that definitely will affect Egypt will be tourism – I personally know some people cancelling vacations and trips to Cairo due to the problems there now. Will probably affect the tourist dollars to the area even once things settle down. 

Wanted to share one with you an ETF chart , that has moved again today $EGPT could also be a good one to continue watching as time passes.

Market Vectors Egypt Index – I've posted the daily & intraday 1min charts below 

There are different ways to trade off the Egypt news – but one play is that EGPT ETF

 

$EGPT ETF
 
with the rock throwing today in Cairo's Tahir Square , we dropped back again after have a good runup Mon/Tues.
 
Last Week we had bottomed out towards $16 last week 
bounced back up Monday/Tuesday and down again today
 
Yesterday as you can see on the chart it hit resistance towards $19 & the 20day & 200day sma's (red/green lines)
 
Here's live video of the rock throwing that was still going on as of 11:30amEST on Feb 2nd (protests / Riots in Cairo Tahrir Square live video ) As of typing this there are molotov cocktails being thrown at people and on a tank
 
the mother of all rock fights — live — http://on.msnbc.com/hOl8lF – geez I can't watch the market while this video is on –
 
Chart on Egypt ETF below with notes – May be good play once things settle in Egypt
Double click on chart to make the notes and chart easier to read
 
Posted in General Trading