notice the weak volume on these up days in the stock...price goes up, but less than average daily volume
we're moving into probably the slowest month of the year for housing
families are heading to the picnic, the beach and realisticly their last chance to hit the amusement park before "back to school" season starts
I keep reminding myself that none of us have a lock on the future.
However, I did see an article or two over the weekend reporting that North Korea is saying they retaliate against the joint US/S. Korean military excercises with "holy war"
(a couple funny things come to mind: 1) I don't remember any religeous contention between the two contries when I was there...just the communist/capitalist thing 2) why would anyone start a holy war over military exercises? 3) if making such threats, wouldn't the N. Korean newspaper have something to say about it? I didn't see it mentioned in their paper
however, if such a war should break with US involvement, I would think the market as a whole would tank sharply for a few days
I think there is a feeling that the bottom is in for the homebuilders. Also, I watch copper and the BDI as tells on the direction of the overall market and it appears to me that the market is heading higher. I think those two things will drag all homebuilders higher until at least the end of earnings season.
Short NFLX and CROCS right now. CROCS not really working out for me though.
I think the market in general is headed higher and most of my positions are long.
One other to put on your radar is YRCW. It has had a huge run and I think it might be topping out. Tight stops on that one though.