ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Taylor Morrison Home Corporation (TMHC) Taylor Morrison Home Corporation (TMHC) is once again doing its best to prove wrong my skepticism over its acquisition of William Lyons Homes. On July 8th, the company recorded strong sales performance as the housing market continues its swift recovery from the temporary economic shutdown forced by the COVID-19 (coronavirus) … Read more
Housing Market Intro and Summary I asked in my last Housing Market Review whether the housing downturn could already be coming to a swift end. The stocks of home builders delivered that message and more and more earnings reports from home builders are apparently delivering messages of a sharp recovery. A widening divergence between existing … Read more
Stock Market Statistics AT40 = 40.1% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 20.1% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary After a one-day respite, the damage in the stock market continued. This time, the damage was more … Read more
The Message in Home Builder Sentiment The National Association of Home Builders (NAHB) reported a tremendous surge in the sentiment of home builders. The Housing Market Index (HMI) soared from 37 in May to 58 in June. Just two months after suffering a historic plunge, sentiment among home builders is right back to positive territory. … Read more
Stock Market Statistics AT40 = 90.5% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought 13 of last 14 trading days)AT200 = 37.4% of stocks are trading above their respective 200DMAs (highest since February 26, 2020)VIX = 24.5Short-term Trading Call: cautiously bullish Stock Market Commentary The on-going recovery in the stock market … Read more