Mainely Stocks

[ari5000]

need to be 2 steps ahead:


This morning housing numbers showed a 33% drop in new homes sold. It was the "worst number since 1963".

So you sell right?

Ha ha.

Market does not pay you for being obvious.

And as I write, the home builder ETF, XHB, is .... yep up 15 cents at the moment.

Yes the market is down, but now it's climbing up. And in fact, there appears to be strength building as the day continues... on horrible data.

No doubt this market continues to surprise a lot of people. I was bearish as well but noticed around 11 AM the signs of huge selling just weren't there.

Too many leader stocks are green now. Now if only I knew what happens next.