Homebuilders

Although the possibility of a rate hike from the FED is increasing, but looking at some of the homebuilders' stock price, the market doesn't seem to be concerned.

In this video, we will take a look at some of the homebuilders that might be setting up for an intermediate upward price move. The homebuilders being reviewed in this video are: TOL, DHI, LEN & PHM.

Time To Look At Home Builders?

The latest new home sales that were reported on March 24, 2015 provided a positive outlook for the housing market. The February annualized rate of 539,000 is the highest since May of 2008. In addition, the January number was revised upward from 481,000 to 500,000. Also cited in the report is the existing home inventory is down to 4.7 months, which is the lowest since June 2013. Is it time to start looking at the home builders stocks?

Stock Watch - 6/20/2014

Here are some stocks to watch for the coming days: BBRY, GOOGL, AOL, KBH, TOL, PHM.

Home Builders Need To Rebuild

After an impressive run, the home builders have retreated and they have retraced to possible key support levels. If these support levels failed to hold, then look for further retracement from these stocks.

Flirting With New High

After the initial pullback from the Cyprus banking problem, the market came roaring back and flirting with making another new all time high. While many disbelieved market participants and talking heads looking for a correction, the market continues to move higher with good breadth. The market will not be near a top until the market breadth starts to deteriorate.

Here is a video reviewing the market indices and a follow up review on the stocks that were highlighted from previous video.



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Waiting For A Catalyst

The market has been making new all time high as market participants wait for the long overdue correction or pullback. So far, every little dips were met with buyers. The market does not appear to be looking for a catalyst to move higher; instead, it is waiting for a catalyst to selloff. The breadth of the market has not deteriorated even though the market is extended. Until those breadth indicators start showing signs of shifting from strength to weakness, the market will continue to grind higher.

During this weekend, a development in the Euro zone is being play out and that could be the catalyst or the excuse the market has been waiting for to start the long awaited correction. No one will know how the market will open next week, but as a trader, one can only trade based on price actions and not on believes. Here is a video highlighting the price actions of the market indices and some stocks that show potential trade possibilities going forward.

Continue to exercise caution and trade defensively. Wait for the setup and the trigger. Do not attempt to outguess the market!

Click here to view the video if you do not see a video player on your screen.



Correction: ORCL is attempt to make a new multi-year high, not a new all time high.

BAC, HPQ, DELL, MCP, AVL, PHM (2/5/2012)

The market continues to remain strong, and here is a short video reviewing a few stocks I have mentioned earlier: BAC, HPQ, DELL, MCP, AVL, PHM.

Click the full screen icon on the video player to watch it in HD.


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