Building your new home is exciting, especially when you understand how the process works. It’s understandable that buyers are excited to see their new home built from start to finish says Chip Perschino, senior vice president of construction at Edward Andrew Homes.
“Our homeowners enjoy watching the home come together, from pouring the foundation to framing and...
“Inequality can be done away with only by establishing a new society,
where men and women will enjoy equal rights,
resulting from an upheaval in the means of production and in all social relations.
Thus, the status of women will improve only with the elimination of the system that exploits them.”
Lumber Liquidators looks good for a reversal.
Small share...
LUMBER IS TESTING GOLDEN FIB LEVEL OF .618 COULD WE BE SEEING THE BOUNCE?
VERY RANDOM PAIR BUT GOT BORED HOPE YOU ENJOY
KEY LEVELS:
SUPPORT - $15.50
RESISTANCE - $23.00
TARGET/ PREVIOUS HIGH - $35.00
Keep it simple traders! We’re testing a resistance all the back in 2019 now acting as support and golden fib level.
If we hold $15.50, then we will see...
-commodities are correcting, while demand for homes keeps growing.
-I expect homebuilders to accumulate commodities at these low (and possibly even lower) prices during this time, replenishing their inventory.
-they'll be able to restart construction at even higher prices, at even higher profit margins (they're buying commodities at low prices and will sell...
Cathy Wood from Ark innovation brought my attention to the price of lumber, which had a run in 2020 and now it seems has topped, just like bitcoin. I checked the relation between lumber and BTC and they are very correlated. They both had bullish price rise in 2013, 2017 and 2020. When we compare they price patterns, lumber could forecast the future price action of...
Investors seem certain that inflation is here and more is coming. But should they be? Consider this chart comparing different forms of Lumber pricing including LBS futures, Timber ETFs, and stocks (HD and LL) that are retail outlets for lumber. Lumber's dramatic rise is being followed up by a dramatic fall. LL may be a leading indication for lumber prices and if...
LL broke out of the ascending triangle it has been forming. It has slightly broken out before the technically required 2/3rd's completion of the triangle, so a test of support above the trend still is needed.
The next true supply range starts at $30.60 with resistance to testing those levels at the demand range of $28.40.
$LL Target 33.34 for 23.53%
Or next add level is at 20.64
This hasn't been exciting at all lately has it? Let's change that!!! Hit that Target LL
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there...
Chicago lumber futures were trading around $950 per thousand board in March, buoyed by robust real estate markets and expectations of a swifter economic rebound fueled by massive government spending and vaccine rollouts. Covid is also causing lumber shortage and shipping problems. LL has a nice bull flag on the weekly, look for break above $26.5.
$LL Target 33.34 for 23.53%
Trade my set ups at your own risk. I am not your financial advisor, even though my set ups work very well and very often, I am not responsible for your trading.
Lumber Liquidators has been on a tear with the booming lumber prices and I expect this to continue its uptrend following the price of lumber LBS1!
It has been respecting the fibs levels and I expect it to reach the 1.618 line soon.
