Residential Employment Plows Ahead As Housing Indicators Stabilize

(This is an excerpt from an article I originally published on Seeking Alpha on May 5, 2014. Click here to read the entire piece.) The latest U.S. non-farm employment report showed another strong print for employment in residential construction. For the 31st month in a row, seasonally adjusted employment in residential construction showed year-over-year growth. … Read more

T2108 Update (April 4, 2014) – Another Day Momentum Died: A Top Is In Redux

(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 Update (March 24, 2014) – A Day Momentum Died

(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

Chart Review Madness: Bearishness Abounds

As promised, here is a cornucopia of charts. To me, this is still just a small sample of the very enticing and intriguing charts popping up everywhere as more evidence builds that some kind of top is getting printed in the stock market. In particular, note my selection of momentum charts that are wobbling, weakening, … Read more

Continued Momentum in Residential Construction Employment Doesn’t Stop Slide in Home Builder Shares

(This is an excerpt from an article I originally published on Seeking Alpha on March 11, 2014. Click here to read the entire piece.) After employment in residential construction put on a surprisingly strong showing amidst a generally dismal January employment report, I decided to keep closer tabs on this important indicator of health in … Read more

T2108 Update (March 11, 2014) – A Cascade of Warnings Awaiting Confirmation

(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 Update (March 7, 2014) – Overbought with Caution

(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 Update (February 27, 2014) – Close Call #3 – Tantalizingly Close to Overbought

(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 Pent-Up Housing Demand Of Young People As A Support for Seling Seniors?

(This is an excerpt from an article I originally published on Seeking Alpha on July 30, 2013. Click here to read the entire piece.) Depressed asset markets often include inherent supply/demand ironies. When prices drop to depressed levels, buyers should show up in droves to take advantage of the bargains. Of course, a market gets … Read more