ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
The last Housing Market Review covered data reported in August for July, 2016. New home sales soaring to a fresh post-recession high made the big headline even as sentiment among home builders remained essentially flatline for the year. This time around, new home sales cooled off month-over-month as builder sentiment finally showed life with a … Read more
The last Housing Market Review covered data reported in July for June, 2016. At the time, a disappointing GDP report sharply rejected the iShares US Home Construction ETF (ITB) off a 9-year high. Fortunately, there was very little follow-through to the selling. When ITB rallied strongly on new home sales, the ETF recovered most of … Read more
The last Housing Market Review covered data reported in June, 2016 for May. At the time, the iShares US Home Construction ETF (ITB) had just reversed all its post-Brexit losses along with a sharp rebound in global financial markets. I expressed concern that ITB finally reached a top for the current cycle. The ETF instead … Read more
The last Housing Market Review covered data reported in May, 2016 for April. At the time, the iShares US Home Construction ETF (ITB) was experiencing a healthy rebound on the heels of strong data on new home sales. The rally came to a quick halt and had one more small burst in early June. I … Read more
The last Housing Market Review covered data released in March, 2016. At the time, the iShares US Home Construction ETF (ITB) was accompanying the market on an extended rally from the February lows. Resistance at the 200-day moving average (DMA) slowed down the advance. In April, ITB cleanly broke through resistance only to come to … Read more
The last Housing Market Review covered data released in March, 2016. At the time, the iShares US Home Construction ETF (ITB) was accompanying the market on an extended rally from the February lows. Resistance at the 200-day moving average (DMA) slowed down the advance. THIS month, ITB cleanly broke through resistance only to come to … Read more
The last Housing Market Review covered data released in February, 2016. At the time, sentiment and data ahead of the Spring selling season was not as strong as I had anticipated. The iShares US Home Construction ETF (ITB) has gained little since then and has even stalled out at resistance at its 200-day moving average … Read more
The last Housing Market Review covered data released in January, 2016. At the time, I warily looked at a nervous market and insisted that the steep decline in the iShares US Home Construction ETF (ITB) and individual home builder stocks presented a great buying opportunity. I was conservative in my expectations including looking out to … Read more
The last Housing Market Review covered data released in December, 2015. At the time, I saw the market coiling like a spring. Instead of springing forth, housing market stocks are in big retreat. Recession fears likely have a lot to do with the declines. The iShares US Home Construction ETF (ITB) is now down a … Read more
My case for managing risk by peeling back some of my holdings in homebuilders turned out to be quite timely. In what has become a near regular pattern for the iShares US Home Construction (ITB), sharp selling has quickly followed a strong run-up and rush of excitement in homebuilders. The sellers and bears are almost … Read more