ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro/Summary In several posts on the housing market, I made the case for a top in the stocks of home builders and pointed out the parallel weaknesses in the housing data. Last week, the iShares US Home Construction ETF (ITB) appeared to confirm what looks like a triple top in the index. Not … Read more
Housing Market Intro/Summary In the March Housing Market Review, I described how the iShares US Home Construction ETF (ITB) was breaking out despite an unimpressive collection of housing data (in the aggregate and trendwise). Last month, I updated my analysis of the seasonal trading strategy for home builders and pointed out the historical tendency for … Read more
Housing Market Intro/Summary In the January Housing Market Review, I described a pause in the bad housing data long enough to allow the stocks of home builders to rally sharply with the stock market. The iShares US Home Construction ETF (ITB) was testing resistance at its 200-day moving average (DMA); that moment turned out to … Read more
The last Housing Market Review covered data reported in February, 2018 for January, 2018. At the time, I connected the dots on the bearish implications of converging technicals and fundamentals. The iShares US Home Construction ETF (ITB) actually managed to hold onto support at its 200-day moving average…until today. So not only is the seasonal … Read more
One part of the bear case for ShotSpotter (SSTI) is that insiders are eager to dump their positions, and their selling will crush the stock. It turned out that company executives were eager and willing to BUY company shares. When it came time for a significant holder to sell, SSTI sailed through the event just … Read more