ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
KB Home (KBH) reported earnings last week on January 10, 2018. The reaction the next day was outright startling. The stock gapped up and did not stop rallying until it finished with a 12.3% gain and a new 10 1/2 year high. Source: FreeStockCharts.com I was so taken aback that I checked on the historical … Read more
I last wrote about earnings from KB Home (KBH) well over a year ago. While I kept tabs on the stock through my Housing Market Reviews, I never set up specific decision points for getting back into the stock. I finally created a decision point on October 12th when I made a hedged play of … Read more
The last Housing Market Review covered data reported in February, 2017 for January, 2017. At that time, the iShares US Home Construction (ITB) was pressing against a near 10-year high. Uptrends in the 20, 50, and 200-day moving average suggested that “the coiled spring” was uncurling up and to the right. In March, ITB launched … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 30, 2016. Click here to read the entire piece.) KB Home (KBH) last reported earnings on March 23, 2016 for its Q1 2016 results. Perhaps in anticipation of poor results, traders sold the stock ahead of the report and sent … Read more
The last Housing Market Review covered data released in February, 2016. At the time, sentiment and data ahead of the Spring selling season was not as strong as I had anticipated. The iShares US Home Construction ETF (ITB) has gained little since then and has even stalled out at resistance at its 200-day moving average … Read more