Today, the existing home sales data was released. For the first time in years, the median price for the existing home sales decreased (about 1.7%). CNBC also mentioned that the inventory is at the highest since 1993.
The drop in the median sales price is what I have been waiting for. Continuing drop in median sales price would put pressure on the home builders stocks to break its recent support.
- PersianCat04 (Millionaire-in-progress)
Trade Like A Persian Cat reminds me that I should be like a Persian Cat, waiting for the right setup to trade and not act on impulse. This blog documents my trades, thoughts and reflections in playing Options in the US Market. "Bulls make money, Bears make money, Pigs Get Slaughtered, Cash is King"
Who Am I ?
Interesting Read
- Are You An Academician Or Practitioner?
- Are You Winning The Battle?
- Comic Strips
- Guidelines For Intraday Play
- How The Markets Really Work
- Jewish Holidays 2012
- Optionquest Online Game
- Play One contract only !!!
- The Average Investor Mentality
- The Market Cycle
- US Market Holidays 2012
- Who Are You Trading Against?
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