ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 9.4% of stocks are trading above their respective 40-day moving averages (DMAs) (8th oversold day)AT200 = 23.2% of stocks are trading above their respective 200DMAsVIX = 41.9Short-term Trading Call: bullish Stock Market Commentary The Shake and Bake bottom barely held as support last week. It was a week of dramatic ups and downs … Read more
AT40 = 7.0% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #3, dropped as low as 5.1%)AT200 = 21.4% of stocks are trading above their respective 200DMAs (13-month low, dropped as low as 17.8%)VIX = 40.1 (was as high as 49.5%)Short-term Trading Call: bullish Stock Market Commentary Oversold I had … Read more
Housing Market Intro/Summary The short-term outlook for the housing market is clouded by the current global turmoil generated by the coronavirus. The housing data discussed below were all collected before the virus came to the forefront of the minds of Americans. While demand for housing in the U.S. should remain strong (and certainly times like … Read more
“RedfinNow is buying homes aggressively. Our sellers’ agents are pushing hard to get more money for listing customers. And our buyers’ agents are making offers left and right, but still feel wary about how many will actually stick. It’s going to be a wild ride… RedfinNow is really scrambling to buy as many homes as … Read more
Overall Assessment I am neutral on M/I Homes (MHO) which means I am content to stay on the sidelines until a fresh catalyst pushes me off the fence. The Q4 earnings report for M/I Homes was relatively straightforward. So I am at a loss to explain why the stock gapped down as much as it … Read more