|Day Low/High||101.25 / 102.12|
|52 Wk Low/High||69.41 / 110.61|
The visible stories are almost all positive. The negative stories are almost all hidden at least when it comes to the stock market.
Companies have figured out that it might be both cheaper and safer to keep people at home. Sales have held up.
The research firms today put something in context that seems almost impossible: we are having a boom in the goods side, not the service side.
Let's check the charts to see if any change in strategy is warranted.
The charts and indicators suggest higher prices in the weeks ahead.
Also, several scheduled events this week, election risk, earnings to watch.
The pandemic has reinforced the value of a safe home with a little space to work, exercise, and relax at a safe distance from neighbors.
Home improvement and supply concerns and homebuilders should do well as the movement from big cities to smaller towns gains traction.
For housing, lower rates have the biggest multiplier impact of any industry in the country.
I feel good in recommending the long side of LEN at current levels.
Disinfectant makers, home repair retailers and even camping equipment names might be your best bet until a vaccine comes.
You can fight the Fed, and you can fight the Feds. Or you can simply try to excel in the environment provided.
LEN is due to report its latest quarterly earnings Tuesday but weakness in the broad market may overshadow any positive surprise.
A shallow dip is likely to be a buying opportunity.
Zillow Group and Lennar could benefit from an outmigration from cities as more employers allow employees to work from home post-pandemic.
Remember the mantra of the show: to teach, to educate, to explain, to put in context and entertain. I know trading. I was one.
There is no doubt that a less globalized world with less globalized supply chains would have weathered a dangerous pandemic far better.
It's important to focus on those builders that primarily operate in the fast-growing, business-friendly areas of the country.
The home builder's technical signals are not extremely bearish but aren't pound-the-table bullish, either.
Even as rates are extraordinarily low, even as employment is strong, there's an innate caution developed from the Great Recession.
Let's dissect these two concepts that explain why we're rallying like we are now.
Apparently, unless the Iranian military simply does not train on their weapons, which I do not believe, the exercise was one of saving face... for now.
LEN looks ready to trade sideways to slightly higher in the near-term, but eventually resume its rally.
The homebuilder could trade sideways for a bit, but its charts are largely bullish and indicate its shares should build on their gains.
Low interest rates, continued low unemployment and high consumer confidence are bullish props to this sector.
The nation's central bank forever perverted the concept of what we used to call the 'free market.'
And while we wait for those three earnings reports to be had after today's market close, here's what should be on your radar screen for tomorrow: The World Trade Organization is expected to finalize approval this week for the U.S. to initiate $7.5 ...
These stocks and sectors are safe havens, and may even be opportunities.