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