ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on May 31, 2012. Click here to read the entire piece.) The SPDR S&P Homebuilders ETF (XHB) has remained amazingly resilient during the stock market’s latest rendition of the “sell-in-May” swoon. {snip} Source: FreeStockCharts.com I believe this trading action is consistent with … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 31, 2012. Click here to read the entire piece.) {snip} Since a spate of heavy call buying in February, short interest has taken a fresh plunge. It has now returned to levels last seen right before foreclosuregate exploded. Source: NASDAQ.com … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 16, 2012. Click here to read the entire piece.) On January 13th this year, I argued that it was time to buy the dips in homebuilders in preparation for a bottom sometime in 2013. I targeted KB Home (KBH) in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 26, 2012. Click here to read the entire piece.) Despite an improving outlook for KB Home (KBH), the stock sold off post-earnings on Friday. KBH dropped 8.5% for the day after dropping as much as 15.0% and after closing the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 20, 2012. Click here to read the entire piece.) Kb Home (KBH) dropped 6.8% on Monday, March 19. KBH last sold off this heavily over four months ago. Buyers of call options rushed in to take advantage. For the April … Read more