Is the Housing Marketing Going to Collapse?
Happy Tuesday! I hope everyone is trading green! With the first quarter finishing up, many of our traders have been posting their quarterly results. Megan posted her Q1 results and they are astonishing! She is up over 256% in her options trading account in the past 3 months! That means she has quadrupled her account in just 3 months!
If you are interested in learning more about trading options, and Megan’s trading in general, make sure to check out our Options Room on Mondays, Wednesdays, and Fridays.
As for me, I am still in Bolivia, climatizing and practicing different hikes in order to get ready for my time on Everest. Bolivia is by far one of the nicest countries I have ever been to! While on the GDP standard they might seem not as rich as North America does, their people are some of the most content humans I have met in my life. They keep bearing me with gifts and showing me kindness. Here is a photo of me wearing their traditional dress, which one of the hostel owners gifted me with!
Back to the market, SPY appears to have lost its leg and the rally is coming to an end. One of the questions I often get asked is why the housing market has not collapsed yet (and especially in Canada). I believe the answer to this has something to do with the level of inventory and lack of supply of housing in both the US and Canada (and again, especially in Canada). The chart below shows that inventory levels are the lowest they have been in the last 5 years. With unemployment so low, no one is being forced to sell their house at a price they are not wanting to, and hence there is a lack of inventory.
Tonight, for Tuesday Strategy and TradeBook, John is presenting an excellent webinar on his TradeBook for trading the Break of High of Day. If you are part of our Elite membership, please make sure you join this amazing webinar.
To your success,
PS: I love to stay connected with everyone on social media and each platform is of course different:
> Follow me on Instagram for the travelling trader lifestyle!
> Connect with me on LinkedIn for professional content.
> Follow me on Twitter for trade recaps and some memes!
> Subscribe to my YouTube channel for hot content from the BBT team.