ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Almost a month ago, I performed some risk management and trimmed my bulging portfolio of homebuilders by selling LGI Homes, Inc. (LGIH) (see “LGI Homes Is Now A Bit Hot To The Touch“). Since then, LGIH has chopped around and even came close to testing support at its 50-day moving average (DMA) on its way … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 28, 2015. Click here to read the entire piece.) While the S&P 500 (SPY) continues to languish in the aftermath of the flash crash and accompanying sell-off, the iShares US Home Construction (ITB) is still up 5.7% for the year … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 10, 2015. Click here to read the entire piece.) I always get nervous when a rush occurs on a stock with a swell of late entrants to a good story. LGI Homes (LGIH), a homebuilder with a heavy concentration of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 27, 2015. Click here to read the entire piece.) When I wrote “A Time To Sell Some Housing Stocks,” I could not have come close to imagining its timeliness. The current market sell-off since then has been so deep and … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 17, 2015. Click here to read the entire piece.) After regional homebuilder LGI Homes (LGIH) produced stellar earnings results earlier this month, I had high hopes for Century Communities (CCS) as well. CCS’s results for its second quarter were good, … Read more