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 February, 2018 for January, 2018. At the time, I connected the dots on the bearish implications of converging technicals and fundamentals. The iShares US Home Construction ETF (ITB) actually managed to hold onto support at its 200-day moving average…until today. So not only is the seasonal … Read more
The last Housing Market Review covered data reported in December, 2017 for November, 2017. At the time, the iShares U.S. Home Construction ETF (ITB) was still recovering from a small dip caused by an earnings report from Toll Brothers (TOL) that disappointed the market. Housing data were strong and pointed to on-going bullishness. January launched … Read more
The last Housing Market Review covered data reported in November, 2017 for October, 2017. At the time, the iShares U.S. Home Construction ETF (ITB) traded at a 10+ year high with the angst of tax reform left far behind in the rear view mirror. The day after my post, Toll Brothers (TOL) reported earnings that … Read more
The last Housing Market Review covered data reported in September, 2017 for August, 2017. At the time, I described a growing rift between the data and the stocks of home builders. Instead of stumbling, housing stocks received a fresh breath of life and kicked up the momentum another notch higher in October. The iShares U.S. … Read more
The last Housing Market Review covered data reported in May, 2017 for April, 2017. At that time, the iShares US Home Construction (ITB) was testing support at its uptrending 50-day moving average (DMA) for the third time in May. ITB bounced nicely from there, but it just suffered its second largest one-day loss of the … Read more