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…
AT40 = 71.3% of stocks are trading above their respective 40-day moving averages (DMAs) – overbought day #2 AT200 = 58.6% of stocks are trading above their respective 200DMAs VIX = 9.5 Short-term Trading Call: bullish Commentary It looks like an overbought rally is truly underway. AT40 (T2108), the percentage of stocks closing above their … Read more
AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.1% of stocks are trading above their respective 200DMAs VIX = 10.7 (down 11.5%) Short-term Trading Call: neutral (see below for caveats) Commentary I had no idea that the previous tensions in the stock market fully priced in the … Read more
The last Housing Market Review covered data reported in July, 2017 for June, 2017. The month from there marked a significant change in tone for home builders. The change in tone starts with the iShares U.S. Home Construction ETF (ITB) and its failure to hold support at its 50-day moving average (DMA) for the first … Read more
A month ago, Trulia published an article on the potential for renting out the spare rooms of Baby Boomers to millennials called “Boom-mates: How Empty Nesters Could Help Ease a Housing Shortage.” It was an interesting twist on the concept of multi-generational housing that generated a lot of related headlines. I took interest in the … Read more
The last Housing Market Review covered data reported in June, 2017 for May, 2017. The month from there was relatively sedate for home builders. For example, the iShares U.S. Home Construction ETF (ITB) went absolutely nowhere with August’s burst out the gate providing a bit of a gain. The good news is that the uptrend … Read more
The last Housing Market Review covered data reported in May, 2017 for April, 2017. At that time, the iShares US Home Construction (ITB) was testing support at its uptrending 50-day moving average (DMA) for the third time in May. ITB bounced nicely from there, but it just suffered its second largest one-day loss of the … Read more
The last Housing Market Review covered data reported in April, 2017 for March, 2017. At that time, the iShares US Home Construction (ITB) was at the high end of almost two months of churn which included a new 10-year high. ITB has not hit “escape velocity” from its price where the U.S. Federal Reserve last … Read more
AT40 = 42.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.3% of stocks are trading above their respective 200DMAs VIX = 12.0 (volatility index) – a 17.9% decrease Short-term Trading Call: neutral (bullish only after the latest Trump Turmoil reverses OR oversold conditions, potentially bearish upon a retest of … Read more
The last Housing Market Review covered data reported in March, 2017 for February, 2017. At that time, the iShares US Home Construction (ITB) was at the bottom of what turned out to be a very shallow pullback from a near 10-year high. The subsequent recovery has been grinding and slow, but ITB now trades above … Read more
With the technicals on the stock market weakening ever so subtly, I concluded that now might be a good time to lock in the rest of my profits on the seasonal trade on home builders. However, an upgrade from RBC on Toll Brothers (TOL) breathed new life into the home builder rally. TOL benefited mightily … Read more