My latest on home builders: "M/I Homes Breaks Out As A Part Of The Builder Bearish To Bullish Reversal" https://seekingalpha.com/article/4809361?gt=44204a5a1066bb4d $MHI #earnings #housingwatch
* M/I Homes' bullish management outlook and strong balance sheet support a tactical buy despite recent softness in demand and margin dips.
* Q2 results showed record revenue and deliveries, but new contracts and backlog declined year-over-year, signaling caution for underlying growth.
* Management's guidance reassures that margins are likely bottoming, with analysts maintaining a strong buy rating and potential upside if rates fall.
* A breakout above the 200DMA and favorable valuation justify my tactical trade, but I remain cautious due to seasonal stock market risks ahead.
There may be a level where I buy the Hang and the SANG directly with $MHI (Mini Hang Seng)
I'll let you know when.
Perhaps near 18900-19000.
Next rally in HSI will *again* be in the tune of 350-400 points in a few short sessions.
One Big Green Candle emerging in the upcoming 1-2 weeks.
Could be juicy.
I found you an Oversold RSI (Relative Strength Index) on the daily chart of Pioneer Municipal High Income Trust. Is that bullish or bearish? $MHI #RsiOversold #NYSE
I found you an Overbought RSI (Relative Strength Index) on the daily chart of Pioneer Municipal High Income Trust. Is that bullish or bearish? $MHI #MHI #nyse #tradingsignals #technicalanalysis
