reading basic chart as of today the 16th. Chart direction from Aug 2012 to present has a very nice up trend, however, same period of time volume appears to have a slight down slope. Not quite sure how to read this going into earnings. May be someone on the board who has far more experience reading chart than myself can comment what they might see.
it's been pretty flat going towards earnings with a slight down trend. if we don't drop considerably before earnings, expect to drop after. LEN just reported and dropped after earnings, even after the report was great. the builders are currently very overbought here and need to come in some before the next run, if any, begins. you've obviously looked at the chart.. it's been on a run since the latter end of 2011. big money buys in low and sells high. take a look at the 5 year - it's almost comical.. remember the conditions of our current economy and where the money influx is coming from - your glorious Federal gov't putting a band-aid on a deadly wound.