New Home Sales Still Depressed at 2009 Levels
One thing that the Fed and President Obama haven’t fixed yet is the number of new home sales…they remain depressed at 2009 levels, as shown on the graph below. … Read...
Read MoreOne thing that the Fed and President Obama haven’t fixed yet is the number of new home sales…they remain depressed at 2009 levels, as shown on the graph below. … Read...
Read MoreMarket is still pushing higher, don’t get short just because you think there needs to be a pullback. The market can stay overbought longer than you can stay sane. We trade from the charts so don’t change that up now....
Read MoreEconomic Reports Due out (Times are EST): Durable Goods Orders (8:30am), Jobless Claims (8:30am), Bloomberg Consumer Comfort Index (9:45am), New Home Sales (10am), Leading Indicators (10am), EIA Natural Gas Report (10:30am)...
Read MoreThat’s the message I heard in today’s press conference from Fed Chairman, Ben Bernanke, following the release of today’s FOMC statement. As he mentioned, the current unemployment rate is above the Fed’s...
Read MoreSeriously, if you don’t belt out in laughter at this photo, then you may be be either 1) Too uptight about the election 2) Donating too much money to the Newt Campaign 3) Newt himself or 4) Your Sheldon Adelson who’s...
Read MoreIf the market stays propped up, and we dont’ see some selling start to creep in, than you have to give some thought to trading US Steel (X), because that stock has one incredible ascending triangle pattern that it is...
Read MoreEconomic Reports Due out (Times are EST): MBA Purchase Applications (7am), FHFA House Price Index (10am), Pending Home Sales Index (10am), EIA Petroleum Status Report (10:30am), FOMC Meeting Announcement (12:30pm), Chairman...
Read MoreMarket remains strong going into today. We are still seeing the intraday dips get bought. The market can remain in overbought territory longer then you can stand. Don’t start shorting everything just because you believe...
Read MoreSome are born great, some achieve greatness, and some have greatness thrust upon them. I’m a Shakespeare buff so you’ll to put up with the odd quote. This one is from Malvolio in Twelfth Night and the relevance today...
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