The Bank of Canada Avoids the “R” Word

(This is an excerpt from an article I originally published on Seeking Alpha on September 14, 2015. Click here to read the entire piece.) As expected, the Bank of Canada left rates unchanged in its latest decision on monetary policy (September 9, 2015). Also as expected, the Bank did not interpret recent GDP data as … Read more

The Seasonal Trade On Home Builders Faces Shaky Prospects

(This is an excerpt from an article I originally published on Seeking Alpha on December 13, 2015. Click here to read the entire piece.) Almost a month ago, analysts from KBW described a seasonal trade on home builders. {snip} I took a slightly different perspective on this seasonality to make the pattern stand out and … Read more

Tri Pointe Group Puts Its Balance Sheet On the Line

In its Q3 2015 earnings report, TRI Pointe Group, Inc. (TPH) reported $97.0M in cash and cash equivalents. Thanks to real estate inventories, total assets come to $3.1B. Source: TRI Pointe Group, Inc. On January 27, 2016, TPH decided to put that balance sheet on the line by authorizing a buyback of $100M that is … Read more

T2108 Update (January 28, 2016) – Full Bull While Peering Over the Edge of An Extended Oversold Period

(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

T2108 Update (January 27, 2016) – A Post-Fed Stalemate

(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