ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The last Housing Market Review covered data reported in November for October, 2016. At that time, the iShares US Home Construction (ITB) was experiencing its first post-election pullback. I stayed focused on the strong housing data and treated the episode as a buying opportunity. Over a month later, the market is still ignoring the strong … 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
(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 September for August, 2016. At that time, iShares US Home Construction (ITB) was at the tail-end of an extended sell-off. I noted the irony of the acceleration of selling in the wake of a new home sales number that was the second-highest of this post-recession period. … Read more
The last Housing Market Review covered data reported in September for August, 2016. At that time, iShares US Home Construction (ITB) started a notable divergence from the performance of the S&P 500 (SPY). That divergence widened in October with the S&P 500 losing 1.9% month-to-date and ITB tumbling 6.8%. The selling in ITB has been … 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 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