ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on December 13, 2015. Click here to read the entire piece.) Almost a month ago, analysts from KBW described a seasonal trade on home builders. {snip} I took a slightly different perspective on this seasonality to make the pattern stand out and … Read more
When I decided to start writing a monthly summary of the status of the housing market, I had assumed that housing was going to remain in or settle into a general holding pattern. I assumed little was going to happen to the upside or the downside for a while. Under those conditions, it did not … Read more
At the end of 2015, I wrote about the critical tests facing LGI Homes (LGIH). After another strong monthly closing report, LGIH seems more likely to pass the test of financial performance in coming earnings reports, but the technical test remains in place. LGIH reported record results for a single month in December, 2015: 433 … Read more
The housing market is moving in slow motion. The recovery is in place but locked into low gear. Until conditions change materially, it makes sense to place my coverage of the overall housing market into a monthly cadence. The reporting loses a bit of timeliness, but it should gain more cohesiveness with more connected dots. … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 29, 2015. Click here to read the entire piece.) In mid-September, I wrote “LGI Homes Is Now A Bit Hot To The Touch.” LGI Homes (LGIH) is down 18% since then. LGIH also hit an all-time high on December 1st … Read more