ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
“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
Introduction When I wrote about the third quarter earnings for M.D.C. Holdings (MDC), I wondered aloud: “MDC’s next report on orders should deliver a very telling challenge to investor sentiment.” MDC seemed to deliver on orders in its Q4 earnings report, up 49% year-over-year and up 13% for the whole year. Investors were initially excited … Read more
AT40 = 47.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.9% of stocks are trading above their respective 200DMAs VIX = 15.5Short-term Trading Call: bearish (from cautiously bearish) Stock Market Commentary The major indices managed to swing to all-time highs last week, but I still see signs of a … Read more
AT40 = 38.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.9% of stocks are trading above their respective 200DMAs VIX = 18.8Short-term Trading Call: cautiously bearish Stock Market Commentary Last week, I switched from neutral for the first time in, I believe, months. I downgraded to “cautiously bearish” because … Read more