Previous Stocks

Housing down, improvements up?

With yesterday’s National Association of Home Builder’s (NAHB) monthly reading of builders’ sentiment about the housing market sinking to 14, it is starting to become clear that the housing market is not getting better anytime soon.  The 14 reading is the lowest level since March 2009. Readings below 50 indicate negative sentiment about the market… Continue Reading »

Trading Goldman Sachs

After the closing bell yesterday the Securities and Exchange Commission (SEC) said that it had reached a $550 million settlement with Goldman Sachs Group, Inc that will resolve its lawsuit against the firm. This is obviously good news for Goldman Sachs the company, but how does that translate to the stock? Well, news of the… Continue Reading »

No bottom in sight for housing

Well, it seems like the news on housing just keeps getting better. Yesterday the Mortgage Bankers Association (MBA) reported that the number of mortgage applications for home purchases had dropped to its lowest level in 14 years last week. Application volume for mortgages fell a seasonally adjusted 3.1% for the week ending July 9, compared… Continue Reading »

Back to the bull, or still a bear?

A couple of weeks ago I wrote a newsletter making the case for the start of the renewed bear market. Take a look at the chart below and I think you will get the point of that newsletter. You will notice an important notation in red, which is a key break of support. S&P 500… Continue Reading »

Market Watch?

With the increase in market volatility over the last couple of months, it can become confusing to know how to successfully navigate a profitable trading strategy. Stocks you may be following seem to be jumping higher very quickly and just as quickly drop all of the sudden. One of the first steps I recommend before… Continue Reading »