Generals Behavior:
The heavy construction space to me has always been held hostage to the “infrastructure” hopes. “Build Back Better”, even in my hometown near the North Fork projects are promised, but they are rarely delivered on time and disappoint investors and residents alike. As always in my humble opinion, just pay attention to PRICE action. KBR is on its best behavior as it was temporarily stopped near the very round 50 number on 1/5, only to go on to break above a 50.09 cup base pivot on 3/2 and has now morphed into a bull flag pattern. A break above a 54 pivot carries a measured move to 65. ACM broke above a cup with handle pivot of 78.69, and PWR is just above a WEEKLY cup base and on a current 5 week winning streak. Below is the chart of one of my favorite plays in FLR. It has traded very tautly, hallmark bullish traits, and from its action, no one would know we are in the depth of some very volatile overall market action. This name should be in your portfolio.