Jump to content

Thunder in lumber


786Trader

Recommended Posts

My my what is going  on with Lumber? + $2500 + since Friday morning. A near 5% positive swing.  The why naturally is not so obvious. Are people building more? Not according to the latest numbers. Are more papers being printed? Nope. Was Lumber that under valued? Errr nope, but obviously yes??!!. I am used to Oil being volatile but wood? These are crazy loopy swings and someone is working it well. Also presents a selling op. As rises like this are unnatural, it's bonkers with blueberry cream on top! 

Anyone else noticed this?

Link to comment

One of the key data sets for Lumber is US home sales, permits and builds, all had good beats last week;

Tues 5th Mar 

  USD
 
New Home Sales
  621K 597K

599K

 

Fri 8th Mar

USD
 
Building Permits
  1.35M 1.29M 1.33M  
    USD
 
Housing Starts
  1.23M 1.19M 1.04M  

 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • NASDAQ Stock market Elliott Wave Analysis and trading strategies: NASDAQ 100 (NDX) QQQ ETF, SP500 (SPX), SPY,  Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL)  Elliott Wave Analysis of NDX Tech Stocks: NASDAQ Elliott Wave (i) of v) of 1 of (5) of 3).  The main wave count for stock and indices is still on track. Only very short-term trade should trade long. Swing trades should be looking to scale out mid to later this week. Our next serious long trade will be from Minor Wave 2 low. AMZN and TSLA have different counts, however on an intraday basis they will move with the general market, just with different counts. Video Chapters 00:00 NASDAQ 100 (NDX) SP 500 04:13 Apple (AAPL) 09:34 Amazon (AMZN) 12:14 NVIDIA (NVDA) 14:08 Meta Platforms (META) 15:39 Netflix (NFLX)  16:41 Alphabet (GOOGL) 17:32 Microsoft MSFT 18:31 Tesla (TSLA) 20:25 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge.com   
    • I am already staking my eth on the platform and currently holding BGB to explore their PoolX event that has a similar high APR.
    • Risk averse ways of earning always seem like good opportunities to earn some good bucks in the Crypto Space.  Certain platforms have taken it upon themselves to bring up worthwhile ways of giving users latitude to earn.  Bitget in its usual manner have brought forth an event to let users earn just by staking ETH. The APR is really Juicy, It is about 20%.  The event is exclusively for African new sign-ups. It seems like one to participate in for the newbies. Participating is relatively simple, you just need to navigate to platform's earn product and choose the corresponding product to stake and earn passively without necessarily risking anything.
×
×
  • Create New...
us