If we don't hold these levels then we could have a double top forming. Momentum stocks have been breaking down for a week so we are in somewhat danger levels. This is all Europe driven on China and Ukraine as the U.S. economy wants to take off. Last 5 years we have had many bear traps which excites our mascots who won't make any money anyway as they have no skin in the game. Yes, these guys post numerous times daily to scare people and have never shorted Toll - (loserville). AAii investor sentiment is 41 to 25 bulls so not extreme, but 10 year yield is showing some fear so we might have an event forming.
Bears will have a retrieve with worry about China, we'll see how long it lasts, but Brightside is lower crude and lower copper cost for homebuilders.
Reason we have markets, Masco sees new home buying accelerating this spring vs Credit Suisse who has a bad track record. Lower gas prices benefit of China slowing.
add 10 trillion in wealth last year and we have plenty of monies for new homes.
Nice little break before move up to records.
This is either an inquiry or it's false. It it's an inquiry then were going down a lot farther than this.
small selloff in homebuilders today is typical of investors wrong impression of housing. My experience has always been strong economy comes first and rates rising will only slow the acceleration of Toll's stock. I'm calling it an early weekend - later
stock is ready to break out if this continues.
That is my only fear right now for the market with the exception of Putin or North Korea doing something stupid. Once we hit my market forecast of 17,000 and 1900 on spy I might advise to move some in cash - you can follow me on twitter also daily under jeff wills08
All signs point to a strong 2nd 1/4
I think it's clear that the shippers have no pricing power problem right now and this index is surging. Still watching the steels and iron ore to start moving.
Jobs report shows hiring picking and earnings up .04 is very good.. Interest rates hopefully won't go up too much on this report. Nice report
Taking move from low 40's to the high of $73 - Fibonacci
Breakout is here he stated
We have a full breakout in BDI which could finally signal the industrial revival we've been waiting for. Of course this will give our mascots a big cry today.