Weaker demand for existing homes
On top of the weaker Housing Starts and Building Permits data on Friday, today, Existing Home sales was weaker as well.
Read MoreAnother month of weaker Housing Starts
Even with the markets closed on Friday, the Commerce Department still released data on the housing market.
Read MoreTactical indicators update
We continue to believe the market is in the process of a minor correction based on our four key tactical indicators being in overbought/optimistic territory.
Read MoreStronger economic data supporting gains
Two economic reports out earlier this morning were better than expected. First, the components of the retail sales data all beat estimates. The headline retail sales report which covers…
Read MoreStill in “breather” mode
First, I would like to wish all of you a happy Passover and Easter weekend.
Read MoreStill in “breather” mode
First, I would like to wish all of you a happy Passover and Easter weekend.
Read MoreThat was quick
Last week, we noted the technical breakdown in the S&P Health Care Sector, which suggested the sector would likely continue to trade lower with a price objective at 1,000…
Read MoreBullish sentiment makes a new high for 2019
The grind higher in the S&P 500 Index (SPX) has emboldened the bulls as bullish sentiment has risen to the highest level since the second week of October.…
Read MoreComplacency “brain cramp”
A great sign the market is ready to have a pause in the upside is when someone like me puts out a post like “Taking a breather in adventure.” …
Read MoreHomebuilder confidence matches estimate
The National Association of Homebuilders (NAHB) reported confidence among U.S. builders improved this month.
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