Continuing with my search for stocks to be bullish on (before I turn decidedly bearish as the S&P approaches 2625), I arrive at the homebuilders. Much like ANF ( as highlighted in my last idea ), homebuilders did not really enjoy the fruits of a massive rally over the past 10 years. In the chart above, we see TOL has formed an almost perfect bullish triangle and...
MACD is showing that the price has further to drop before it finds support.
Dear Friends You know how D4rkEnergY is here to help you! That's his mission - he is here to make everyone happy. He will warn you about buying your dream home now. Here is why! XHB index, the Homebuilder Index, is where we want to look if we want to get an idea about the real estate market in US. It's a really good leading indicator, and are composed of...
Massive 06' double top and a clear channel breakdown. Not bullish.
I saw a flicker of hope for home builders in the May Housing Market Review. Traders decided to snuff that flicker out very quickly afterward. When I wrote June’s housing market review and described a “struggling flicker,” the iShares US Home Construction ETF (ITB) was once again bouncing off the bottom of 2018’s trading range. Almost like a cycle, a month later...
“KB Home shares jump on third quarter earnings” – such is the kind of quick trigger post earnings headline that consistently fails for home builders. KB Home (KBH) opened higher by 5.7% but was all downhill from there. At the close, KBH lost 3.1% on the day in a major reversal. This close was a vast improvement on a loss which reached 6.4% at the intraday low....
On Friday's Options Action, the crew analyzed the performance of the homebuilder's sector. After selling off substantially since Jan, this sector has started to turn bullish again just this week. Looking for a bounce higher, HD is the large-cap name in this sector that would attract institutional investors. Coupled with cheap fundamental valuations and bounce off...
Housing Market Review (May, 2018) - A Fresh Flicker of Life As Sentiment Turns Without A Change in Data. The housing data continue to plod along but the market for home builder stocks is suddenly warming up all over again. drduru.com $ITB $CCS $DHI $PHM $LEN $FPH $LGIH $MTH $XHB
Overall we are seeing some weakness in the market right now. Something that we're seeing is a lot of the sector/stocks have rejected the 21 period moving average, which tells me that there's a somewhat good chance that we might go test the lows that were created 2 weeks ago. This stock KB HOME INC is an example of a stock that has rejected that 21 period moving...
American Woodmark (AMWD) has had the EPS forecast hiked from $0.55 just 30 days ago, to $0.57 within the last few days. The EPS has increased by +150% quarter over quarter and revenue has been uptrending for 5 years now. The stock has been in an uptrend since June of 2014 and it continues to power higher on the catalyst that improved home sales and remodeling...
Earlier this month, the idea of lumber being a signal for economic data was brought to the table (here). Lumber is not necessarily a trader’s first go-to for evaluating economic forecasts, but there is a striking resemblance in trend for lumber and the ISM manufacturing PMI data. As lumber prices dive, manufacturing data tends to do the same (and vice versa)....
The stock was leading during the first half of 2013 but then caught some downside. Stock found bottom around $18 then regained its 200 EMA above $20 with nice follow through to $25. Now it is flagging (handle) above 200EMA and on Friday broke up and looks ready to continue. Stock is pretty slow on daily basis, so it is in my long term buy watchlist with entry here...