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ABC Bullish Earnings 7-27

NYSE:PHM   PulteGroup, Inc
Possibly has reached C but would be nice to have confirmation. If this is at C then stop would go under C. Tucking it away where Mr. Market does not find it on a simple pull back can be a smart move if you plan to hang.

Today's candle pattern is a Harami cross which may represent indecision, but can also represent a reversal but needs a third day for confirmation. Haramis are not always opposite in color. Candles should be interpreted by where they appear in the trend and some do not have much if any significance. For instance a shooting star candle at the top is known to be an ominous signal, but at the bottom it is an inverted hammer . A hanging man candle at the top can mean the current uptrend trend may be in trouble, but at the bottom it is a hammer .

This one really needs more confirmation that C is C as yesterday was a new monthly low.

No recommendation and earnings are on 7-27, so volatility could occur. Folks get nervous and may sell before earnings day. Just depends.

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