An update on XHB (homebuilders ETF) and some of my favorite trade ideas in the sector at this time.
For those wishing to skip ahead to the analysis of a particular stock or ETF, the following trade ideas are discussed in this order: XHB, AOS, LOW, LL, DHI, HD, LEN, LZB, MAS, LII, MHK, WHR, & TPX.
just went long LOW at 26.50 for a potential pre-market over-reaction bounce (see post below regarding covering the short). will set stops (TBD) once the market opens and determine my target once i see how the stock starts trading in the regular session. target is just below T1 (27.50) speculative trade but it seems like [...]
fyi- i just covered my LOW short in pre-market. LOW is nearly a point below the final target after reporting earning and as gives us a nearly 13% gain on the trade, i cancelled my standing buy-to-cover limit order that was just above the target and replaced it with a pre-market order to cover at [...]
here's the updated daily chart of the LOW active short trade (first chart is the screen-shot from last monday's trade ideas video). LOW looks poised to go LOW-er to T1 now that the minor support level that i mentioned in the video has been taken out. i may add some additional targets to this trade [...]
i'll try to make some static charts for the trade ideas that i covered in the video posted last night but i can't promise when i'll be able to get them all posted. i'm lobbying my dr.'s office to call in a tamiflu script which will hopefully keep me in the game this week because [...]
For optimal viewing, choose the "Watch on YouTube" option, then choose the HD quality and Large player settings the bottom right of the video window. MAY 30th UPDATE: PLEASE NOTE THAT SEVERAL OF THE TRADES ASSOCIATED WITH THIS VIDEO HAVE ALREADY BEEN COMPLETED AND ARE NOT LONGER ACTIVE TRADES. THEREFORE, IF YOU CAME HERE VIA [...]