DHI reported earnings this morning, initially they were well received. However, folks seem ready to break the stocks. The Housing Index broke its prior low and although it rebounded at the end of the day, this index looks to head closer to 110 at a minimum.
We will keep an eye on the Fed as always since an ease by them will certainly cause another squeeze. However, it will be worth sticking with these shorts through the volatility.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment