ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
My case for managing risk by peeling back some of my holdings in homebuilders turned out to be quite timely. In what has become a near regular pattern for the iShares US Home Construction (ITB), sharp selling has quickly followed a strong run-up and rush of excitement in homebuilders. The sellers and bears are almost … 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
(This is an excerpt from an article I originally published on Seeking Alpha on August 3, 2015. Click here to read the entire piece.) The rate of homeownership in the U.S. fell a fraction of a percent in the second quarter – from 63.8% in the first quarter to 63.4%. Many headlines rang with alarm. … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 14, 2015. Click here to read the entire piece.) There are plenty of reasons to worry about the U.S. housing market. I am not adding China’s recent market turmoil to the list. In a piece called “Will China flee or … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 20, 2014. Click here to read the entire piece.) The U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) released on Friday the numbers for April housing starts. The continued increase in housing starts confirms the … Read more