“Your big opportunity may be right where you are now.” -Napoleon Hill
Texas the early leader in 2008 industrial construction activity.
According to Industrial Info Resources (http://www.industrialinfo.com/); Texas is the hottest spot in America in regards to industrial project construction activity thus far in ‘08.
On a very positive note for one of our favorite portfolio clients Marmion Industries Corp. (OTCBB: MMIO) the energy sector is a hotbed for new construction growth in the state.
Research from IIR reveals that:
The power industry has 19 projects in the works totaling $5.5 billion
The oil & gas terminals industry has 19 projects totaling $2.6 billion; and
The Oil & Gas Transmission Industry with 19 projects totaling $1.3 billion.
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Despite the inertia that seeps into every traders brain when they have an active trading morning, keep in mind that your risk/reward ratio changes throughout the day… dramatically!
A weaker volume market is a more volatile market and a more volatile market is harder to trade when using any type of trading system (which you are… right?). Remember that the first hour after market open and the last hour before market close are the strongest and most trend following hours of the entire trading day. The hours in between should only be traded by savvy and impeccably disciplined traders who do not mind twiddling their thumbs in order to keep from getting trigger happy.
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