ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
As promised, here is a cornucopia of charts. To me, this is still just a small sample of the very enticing and intriguing charts popping up everywhere as more evidence builds that some kind of top is getting printed in the stock market. In particular, note my selection of momentum charts that are wobbling, weakening, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 16, 2014. Click here to read the entire piece.) {snip} Now that I think the stock market has put in a top for the time-being, I have to make another one of those major readjustments in my thinking on home … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 11, 2014. Click here to read the entire piece.) After employment in residential construction put on a surprisingly strong showing amidst a generally dismal January employment report, I decided to keep closer tabs on this important indicator of health in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 19, 2014. Click here to read the entire piece.) Back in 2009, I was as bearish on housing as anyone. For example, I wrote two pieces pointing to massive insider stock sales at Toll Brothers (TOL) as evidence that company … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 19, 2014. Click here to read the entire piece.) The latest Housing Market Index (HMI) from the National Association of Home Builders (NAHB) and Wells Fargo demonstrates a very large and sudden drop in the confidence of home builders in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 10, 2014. Click here to read the entire piece.) After writing about the bullish earnings report from D.R. Horton (DHI), I have looked for further confirmation from other major public homebuilders. Meritage Homes (MTH) remains on my list of favorites … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 29, 2014. Click here to read the entire piece.) In several posts, I have noted that the consolidation in 2013 for homebuilder stocks could become a springboard for a fresh rally in 2014. It seems the homebuilder breakout may have … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 26, 2014. Click here to read the entire piece.) It has been eight months since I exited my long position in Herbalife (HLF), but the story continues to fascinate me. This time around, bad news came in rapid sequence for … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 20, 2014. Click here to read the entire piece.) {snip} This is from Janet Yellen’s first Federal Reserve press conference as Fed Chair (starting around the 37:00 mark). Yellen answered a question from a reporter from Reuters on when rates … Read more