Chart Review: KB Home Breaks Out, Meritage Recovers Quickly and Approaches Major Multi-Year Breakout

I have written several pieces recently on the housing industry, starting with “Time to Buy the Dips in Homebuilders” (click here for an archive of my articles on housing). The main theme has emphasized that now is the time to start investing in a bottom in housing that I anticipate happening next year. I have … Read more

T2108 Update – February 3, 2012 (The tipping point has arrived)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 88% (overbought day #23) … Read more

Buy Amazon.com Post-Earnings and Right After Regular Trading Opens

(This is an excerpt from an article I originally published on Seeking Alpha on February 1, 2012. Click here to read the entire piece.) Trading through the earnings of a highly volatile stock often feels like flipping a coin. A trader must try to predict the earnings results AND the market’s reaction to those results. … Read more

Still Bearish the Yen Even As U.S. Dollar Drops to Lowest Point Since October’s Intervention

(This is an excerpt from an article I originally published on Seeking Alpha on January 31, 2012. Click here to read the entire piece.) The path for a peak in the Japanese yen is turning into a much more arduous one that I had hoped. Last week, I pointed to an imminent acceleration in purchases … Read more