PHM UPDATED CHART - What's NEXT?What's next?
I'm not certain, but it looks like price can hold this key zone and use the rejection trends to bounce upwards to the 184 target (which is adjusted upward from 170).
RSI on the weekly is somewhat gapped, but bullish.
RSI on the daily is bullish.
RSI on the 4, 2 and 1 are near bottoms, so it's not a bad guess to say, maybe with all these indicators resetting and as we are nearing a strong support trend and strong horizontal support line, we might see a bounce.
good luck phm dudes.
also, bbbyq, gme and a whole bunch of other fun coming up.
Homes
PULTE GROUP (PHM), THIS DUDE GIVES AWAY LOTS OF MONEYYou can follow the ceo on twitter.
He often has live streams where he obviously talks about his company among other things.
He also gives away a lot of money. It seems he genuinely cares and enjoys giving away money. It seems partly for his image, but imo, he created a win/win. With the amount of money he has given away, he's earned some good publicity.
(I've never received money as a disclaimer, I mention this because a lot of his twitter feed is about giving)
He talks about GME and BBBY often.
Flys a chopper.
Won't give me a ride.
For his stock.
Honestly, he seems awesome, but his stock is getting to the scary zone.
Now, I say this because even though it is a scary zone, there is a lot of potential upside momentum can carry the price to.
So, earnings on the 23th is important to note.
It will likely have an effect on price. I assume from the looks of things, price might see a decent upside movement to 125-145 range and then see a significant downside before recovery.
I think I labeled most of the important things on the chart.
U.S. Home Price Index (CSUSHPINSA) priced in Bitcoin (BTCUSD) Why do we measure Bitcoin value in the fraud of fiat? Instead, measure it in something that most people want - a home. Here is the average US home priced in #Bitcoin from 2012 to now. House prices are falling for those who save in Bitcoin.
FRED:CSUSHPINSA*1000/BITSTAMP:BTCUSD
PHM PARABOLIC MOVEI mean, if you can't see that something major is happening with this stock, you're high...
HOWEVER, Holy Gaps batman.
Topside pump takes us to around 125, with a max of like 136. There is support but watch out for a retracement from whatever "good" sounding news is coming. This stock is being setup to drop over 50%.
Personally, I like the dog coin next, you can see my chart below.
WHY real-estate when you can buy data? PHM needs to figure out how to monetize whatever data they can collect.
BZH Lower We will get a slew of housing data next week which will send shock waves throughout the housing market. I believe we get very weak housing starts and home sales numbers. My pessimistic belief for this data is derived from the fact that interest rates are at 3 year highs. Interest rates have a big impact on financing costs for homes, when financing costs rise home prices and new builds tend to fall.
$OPEN - Falling Through the Trap DoorA good trading friend of mine asked for a fresh set of eyes on $OPEN. I figured I would share here.
I don't like the impersonal style of this company. When people sell a home- they want a personal relationship with their realtor.
Anyone with their chops would tell you it's best to expose the house to the market and let a bidding war take place. This model is smart, but I would never suggest friends or family use Opendoor.
Considering higher rates coming and dropping home sale numbers, look for this name to continue to fall further after a failed breakout and rejection. Especially after missing earnings recently.
More information about $OPEN from their website:
"Opendoor is a leading digital platform for residential real estate. In 2014, we set out to reinvent life’s most important transaction with a new, radically simple way to buy and sell your home. We have rebuilt the entire consumer real estate experience and have made buying and selling possible on a mobile device. We’ve served tens of thousands of customers who have come to Opendoor to make their moves easier. Whether it’s getting married, starting a family, taking a new job or simply making a life change, we help people get to their next chapter in one simple, seamless transaction. Our mission is to empower everyone with the freedom to move.
Opendoor currently operates in a growing number of cities and neighborhoods across the country. A full view of the markets we serve can be found here. Headquartered in San Francisco, we are a team of problem solvers, innovators, and operators building the largest, most trusted platform for residential real estate."
Housing, ohhhh boyHousing is being bought up by major investment firms in mass right now. Namely Blackrock (you know, the military contract giant, yea that one) If you are waiting for housing to drop like I am to move into your first home, I guess these major investment firms will have to go belly up first or sell (going belly up looks more likely, pigs get fat and hogs get slaughtered.)
INLAND HOMES PLC INL WAVE 5Hello Traders,
Looking at the chart for Inland Homes PLC we can see a nice set of Elliot waves and price looks to be somewhere in the middle of a wave 5. A rising wedge has formed with bearish divergence on the weekly RSI so we could see a small pullback here into the green box before a move up. I have used the fib extension tool from wave 1 to give a set of possible targets for wave 5. I'm not entirely convinced that overhead trend line has much weight to it but I have put it in anyway.
DJUSRE GOING TO COMPLETE THIS WAVE UP?DJUSRE seems going for a completion of this wave up after the previous flat correction.
IPO - Invitation Homes $INVH - CEO John Bartling95% occupancy
$1600 avg rent
62% margins
13 markets
3700 homes in each market
97% of markets has over 2000 homes
All rehab teams are in the market.
Buy, renovate, rent.
COMPETITION:
American Homes for Rent
Colony
Starwood
INVH is Part of the American Rental Housing Council
Provide a consistent experience for renters
Create best practices
John Bartling, CEO
Saw him on Bloomberg on IPO day Feb 1, 2017