Lenar reporting earnings today, guys. The stock was down pretty nicely, flushing early on, actually tagging this key trend line. It's actually starting to reverse here. I have this amazing zone here right down around 74 down to about 71 descending trend line, major flat bottom horizontal.
This is a great, in my opinion, swing trading level. It looks like if we go to the 10-minute chart that that first trend line pierced at 7475 right here. In fact, we went as low as 73 and change.
Unfortunately, I didn't get in here. It was too early in the in the morning. In fact, this was after hours yesterday, just after the bell. But, nonetheless, if it comes back in, I like it.
I also like it because I think the long end of the yield curve or the interest rates on the 10 and the 20 and the 30-year are going to continue to come in just a little bit. That's going to be very good for housing in the near term.
So, LAR again was down. Now it's basically fought back to be flat to green on the day. We'll see where that goes.
