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 »
Previous Stocks
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 »
RIMM – Earnings good, but good enough?
Shares of the Research in Motion (RIMM) fell about 4% in after-hours trading today upon the release of the company’s latest earnings report. Although RIMM is still growing nicely, the latest results could renew the worries in regards to the increased competition from the likes of Apple’s iPhone and devices based on Google’s Android software…. Continue Reading »
The housing slump continues
A double dip in housing? Well, it’s starting to appear so. Two housing reports released this week seem to paint a gloomy picture for the housing market. As reported on Tuesday, existing home sales fell 2.2% to a much lower-than-expected annual sales rate of 5.66 million. To make things worse, yesterday’s new home sales report… Continue Reading »