Short at your own peril. Fundamentals only matter IF people and Institutions with a lot more money than we have THINK it matters. I am just a small fish on the back of the whale.
Too many people on the wrong side of housing after the release of the Purchase Index. News trumps TA.
News does trump T/A. Who knows..... When in doubt.... Get long The Cheesecake Factory.... It always goes up.
Whatever you say man, I had no idea there was even news today about the Housing Industry. I have a full-time career so I can't watch for news reports, nor do I care what they say.
Well once again... thanks for taking time out of your day to share your insights. Greatly appreciated. Quality posts.
No prob. I know everyone trades their own way but you asked the question about TA, so I gave my opinion. Glad it was of some help.
$HD that high volume in the background needs to be tested before MM can mark up prices otherwise any up move fails