The much-better-than-expected housing numbers caught the market by surprise and shifted the focus away from the weak earnings reports. Everything housing related, such as Lumber Liquidators (LL), Whirlpool (WHR), Home Depot (HD), Mohawk Industries (MHK) and PulteGroup (PHM), is running.
Once again, the bears, who were anticipating a failed oversold bounce, are being squeezed and underinvested bulls like me are trying to find some buys. I'm not shorting this market but I have too much cash and I haven't been able to put much to work. The buying is starting to slow and even if I could find the setups I like, it is tough to chase the indices here....95 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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