ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read 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
In past Housing Market Reviews, I observed a notable shift in housing activity from the West to the South. I have wondered aloud whether this disparity comes from economic choices moving households from relatively expensive markets in the West to relatively more affordable ones in the South. It turns out the IRS has some of … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
The National Association of Realtors (NAR) delivered some history-making news in its quarterly Metropolitan Median Area Prices and Affordability and Housing Affordability Index for the second quarter of 2016. According to the NAR “…for the first time ever, a metro area – San Jose, California – had a median single-family home price above $1 million.” … 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
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … 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
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more