Massive Down-Thrust

Has home builder Lennar (LEN) finally topped-out?

The (potential) big ruse, interest rates are heading lower. We have the usual suspects, spinning how soon we’ll have the next rate cut.

Well, back at the ranch, home builder Lennar Corp. (LEN), posted massive down-thrust, selling energy this past Friday, after Thursday’s post-market earnings release.

As we’ll see below, force on the move was potentially the second highest ever, in the history of trading for the company (data going back to 10/5/18).

Lennar Corporation LEN, Daily

At this point (11:27 a.m., EST) LEN is having an ‘inside day’, trading within Friday’s price action.

Inside days are typically preparation for another kind of day, an ‘outside’ day 🙂

That’s where the trend is confirmed (not advice, not a recommendation).

Stay Tuned

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