(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
Retail investors have flooded into oil ETFs. The new data shows that at this time oil is over-owned by retail investors. Historically, a commodity forms a bottom only when it is under-owned by retail investors.
The consensus has been that the Chinese currency yuan would weaken against the dollar. There have been heavy bets by funds against the yuan. Markets always make fools of the maximum number of people; yuan has risen sharply causing heavy losses to yuan bears.
This post was just published on ZYX Buy Change Alert.
KBH reports earnings of $o.08 vs. consensus of $0.02; revenues of $500.1 million vs. $473 million consensus.
In view of better than expected earnings, we are raising the buy zone to $11.56 to $14.52, preferably under $14.07.
This is a very long-term position now. Target zone remains $22 to $26. Mental stops on half the quantity remain in the zone of $9.43 to $9.83.
You are receiving less than 2% of the content from our paid services …TO RECEIVE REMAINING 98%, TAKE A FREE TRIAL TO PAID SERVICES.
Please click here to take advantage of a FREE 30 day trial.… Please click here or the title below to read more.