02/04/2015 Live Update

[fehro]

side ways.. 50d needs to hold… probably close flattish?.. doji holding 50d?v.. anyhow.. should we move down.. possible H&S on with another.. doubtful but there.. to watch

[Al_Dente]

I’ve been watching paint drying and lumber VERY LONG TERM
If the housing industry is all bully, lumber “shouldn’t really" be breaking down here
Nothing is acting the way it “should”
[$LUMBER as of end-of-day yest]

[Trades with cats]

I think home builders keep popping up because the hedge fund guys are always buying new houses for themselves (1% ers) so they must think it has to be a good market. You know the Peter Lynch thing.

[Out of Bounds]

I’ve been watching paint drying and lumber VERY LONG TERM
If the housing industry is all bully, lumber “shouldn’t really" be breaking down here
Nothing is acting the way it “should”
[$LUMBER as of end-of-day yest]

24lumber.png

I spent a long time in and about the homebuilding industry and I agree. When lumber falls, it is worrisome. Perhaps if we could see the trends in domestic consumption versus exports, we might get a better idea of what is going on. It may be that a large Asian country has cut back on purchases.

[Junior Buffett]

what is holding market today after oil massacre !

This is what I don't quite understand the logic behind oil price, why wouldn't stock market crash when oil crashed earlier this year. and now oil is about to build the bottom all sudden it's good for the market.

such a difference compare to past!

[Cobra]

triangle upper boundary, I'm still neutral.

[MrMiyagi]

!!! POWER HOUR !!!

[Xian]

AAPL possible ascending triangle on the 15min, possible double top on the 30min. Never a coin to flip when I need one.

[Xian]

I’ve been watching paint drying and lumber VERY LONG TERM
If the housing industry is all bully, lumber “shouldn’t really" be breaking down here
Nothing is acting the way it “should”
[$LUMBER as of end-of-day yest]

24lumber.png

I spent a long time in and about the homebuilding industry and I agree. When lumber falls, it is worrisome. Perhaps if we could see the trends in domestic consumption versus exports, we might get a better idea of what is going on. It may be that a large Asian country has cut back on purchases.

Good info. Thanks guys

[Xian]

Etta: https://www.youtube.com/watch?v=RJiL5siOqqw

[Tutti]

I’ve been watching paint drying and lumber VERY LONG TERM
If the housing industry is all bully, lumber “shouldn’t really" be breaking down here
Nothing is acting the way it “should”
[$LUMBER as of end-of-day yest]

24lumber.png

I spent a long time in and about the homebuilding industry and I agree. When lumber falls, it is worrisome. Perhaps if we could see the trends in domestic consumption versus exports, we might get a better idea of what is going on. It may be that a large Asian country has cut back on purchases.

I would also think copper would be running if home construction is really on the move up. PEX might account for a small % of the total sales, but copper is still the standard throughout the country

[cletus]

what is holding market today after oil massacre !

This is what I don't quite understand the logic behind oil price, why wouldn't stock market crash when oil crashed earlier this year. and now oil is about to build the bottom all sudden it's good for the market.

such a difference compare to past!

Because the oil short trade was the same as the treasury long trade...founded on FEAR and SPECULATION. Only problem...corporations were bidding up stocks on their buyback cycle so equities remained unaffected. The speculation was localized, completely unfounded and will be unwound, which will push all assets except treasuries up. It's called inflation.

[Out of Bounds]

I would also think copper would be running if home construction is really on the move up. PEX might account for a small % of the total sales, but copper is still the standard throughout the country

Wire. There is a lot of copper in those walls between the electrical and plumbing. People are afraid of PEX after the fiasco over polybutylene.

[MrMiyagi]

I would also think copper would be running if home construction is really on the move up. PEX might account for a small % of the total sales, but copper is still the standard throughout the country

Wire. There is a lot of copper in those walls between the electrical and plumbing. People are afraid of PEX after the fiasco over polybutylene.

Plus they stopped making pennies.

[Out of Bounds]

Cobra's 1.02 chart is the busiest that I can remember.

[Tutti]

I would also think copper would be running if home construction is really on the move up. PEX might account for a small % of the total sales, but copper is still the standard throughout the country

Wire. There is a lot of copper in those walls between the electrical and plumbing. People are afraid of PEX after the fiasco over polybutylene.

yes,yes wire of course. very good to know & thanks. I wasn't aware of the polybutylene problem. Too bad, seems like such an elegant solution to all that soldering.

So lumber + copper =/= performance of housing stocks. v/interesting.

[grandeG]

Mr. M – I'm on my iPad and don't have the opportunity to look at the Excel spreadsheet but I was wondering if you were tracking the intraday P bars that are unrelated to the previous closing price and if they are being hit on and introduce basis (Percentage)?]

I have no idea what you mean.....
You can look at the spreadsheet in non-excel form.

For instance today's P bar has no relation to yesterday's closing price where as yesterday's P bars were down to the previous days closing price. I was just wondering if you've ever separated the two to distinguish Pbars that aren't reflecting the previous days closing price.

[Trades with cats]

Off Topic- NO one in this end of the country (Inter-mountain West) uses copper pipe. All new construction is plastic. In big city like LA it is different because of fire codes that city decides on.

[soku]

not sure what it is, but i see buyers getting in. my guess is data tmr and fri are good.

[MrMiyagi]

For instance today's P bar has no relation to yesterday's closing price where as yesterday's P bars were down to the previous days closing price. I was just wondering if you've ever separated the two to distinguish Pbars that aren't reflecting the previous days closing price.

Yes, it is reflected in the ODP column, and thanks for reminding me because I entered it wrong yesterday.

That column is Y(es) if the target of the pBar is out side of the previous day's range, N(o) if it is not.