Supply/Demand Imbalances Continue Building in the Housing Market

(This is an excerpt from an article I originally published on Seeking Alpha on February 24, 2013. Click here to read the entire piece.) There were a lot of interesting nuggets in the January existing home sales report from the National Association of Realtors (NAR). The continuing decline in housing inventory has really caught my … Read more

Poor Participation In the Market’s All-Time Highs Drives Caution

I do not pay much attention to the Dow Jones Industrial Average (DIA) and greatly prefer the S&P 500 (SPY) as being more representative of the stock market. However, anyone with a pulse has likely heard or read the breathless headlines about the Dow’s all-time highs. The Dow is now up ten days in a … Read more

Apparent Lack of Negative Sentiment On Apple Makes It Hard to Call A Bottom

(This is an excerpt from an article I originally published on Seeking Alpha on March 6, 2013. Click here to read the entire piece.) In late December, I wrote about negative sentiment growing in Apple (AAPL). Apple has fallen another 100 points since then for a 19% loss, yet, negative sentiment has not grown. In … Read more

Some Trading Implications From SEC’s Charges of Insider Trading in H.J. Heinz

(This is an excerpt from an article I originally published on Seeking Alpha on February 18, 2013. Click here to read the entire piece.) Traders sometimes copy the trading in options showing unusual trading activity under the assumption that someone (or some people) have privileged insight into an imminent big event or the short-term price … Read more

A Stealth Rally for the Australian Dollar

(This is an excerpt from an article I originally published on Seeking Alpha on March 13, 2013. Click here to read the entire piece.) It took a record low on the GBP/USD currency pair [British pound (FXB) versus the Australian dollar (FXA)] for me to realize that the Australian dollar has been in “stealth rally” … Read more