(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
This is what you need to know today.
King dollar is rallying for the fifth day in a row, the longest winning streak in two months.
Barring a rally today, gold is heading towards the biggest weakly loss in four months.
Oil and copper are falling.
Fall in commodities is leading stocks lower.
Durable Goods Orders ex-transport came at -1% vs. -0.3% consensus. This is a very volatile series.
This post was just published on ZYX Buy Change Alert.
KBH is a major home builder. The company reported better than expected earnings. Among some quarters, there is disappointment that the company did not guide even higher considering prime home buying season is ahead.
Of special note is the 43% short interest in the stock. High short interest can lead to short squeezes.
Consider adding up to 25% of the full core position size in the zone of $12.31 to $14.11.
This is a very long-term position, temporarily no stops. Very long-term target zone is $24 to $28.
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