With mortgage applications dropping in the States to the lowest low this century, I see an opportunity to short. I marked a few free PD Arrays I will watch in the coming weeks.
Lumber has been decimated over the last 3 weeks. With housing data coming out tomorrow along with PCE. Is this weak lumber chart signaling a continuation of yield strength moving up? Does the market interpret the housing data as negative? One thing is for sure interest rates should make a move tomorrow off of the data sets.
I think this is a pretty clear pattern in housing prices. Past performance may not indicate future results, but I'm confident that a pattern with this many cycles and signs of instability at the right time will hold.
Traders, I believe this chart is so important it warrants revisiting the data. Indeed, the fed has to be cognizant of this same data and is most certainly is watching it closely. Therefore, we must do the same. In this video, I am going to explain why the housing market data, even though it's week, supports my thesis of a blow-off top in the stock markets this...
Housing prices yet to adjust to reality of high interest rates Housing prices can be sticky and take multi-years to adjust If the interest rates persist for few years, we can see the downward pressure for next few year Just to be clear this is a multi year cycle.
Lumber is at a critical inflection point. Its likely telling us that Central bank policy is about to experience more inflation if they start to ease to soon. If Lumber continues to rally, its screaming more housing inflation could be around the corner. Since we have a major Technical Topping formation in play, Lumber is still vulnerable to more downside...
This Lumber Weekly chart clearly shows the unique parallell range that confirmed a breakdown. Now to determine what likely happens next we wait to see if we get a close above or below the weekly key channel Resistance line. If rates remain soft we will likely get a continuation move to the upside.
When China sneezes, commodities catch cold. Developments in China over the last quarter around zero COVID have paved the path to re-opening, which has a substantial impact on lives, livelihoods, and commodity prices. China re-opening plus a raft of measures to spur the Chinese real estate sector sets the backdrop for copper prices to be bullish. This case study...
Housing data is not looking well and usually has lag time. We still maintain that our main trading strategy relies heavy on reward to risk ratio's and this on with a 2.27 makes it an appealing trade at these levels.
comparisons are telling us simply when more people are able to borrow money real estate does better. interest rate data from whale crew tells us as long as we climb this indication the risk gets worse for borrowers. as long as those go in the specified direction im looking at higher prices in this fund. all is normal as in everyone is doing fine, and still doesnt...
After a double top, and what appears to be a double bottom, Philadelphia Housing Index sits right on the 50% fib and just on the top edge of the cloud resistance. It is near the 1.27% Gartley extension (point B to D). Encouraging is the strengthening 12 week RSI (yellow highlight). Next few weeks will tell whether we reverse back off this or break through...
Looking to work on a model for real estate cycles. Using median home prices divided by median income. IYR REZ XHB
Elon is gonna take Tesla private. Solar pannels all over the EV moving middle east. What was that meeting in Qatar all about, privatizing Tesla. Tesla is more than a car company...
Traders, Happy New Year! It's been a terrible year for crypto, the markets, and the global macroeconomic environment. But the good news is that I believe we have left most of the negative declines behind us ...at least for a bit. So, in this video, I'm going to look at what I see in 2023 for the U.S. dollar, the housing market, Bitcoin dominance, the stock...
Price of median US home as a multiple of median US household income. Biggest bubble in over 35 years! Back to reality soon.
i think this ones pretty simple. we can get whatever kind of home price report feasible, and the result is technical daily continuation to the downside. this can go one of two ways; bad, and worse.
I noticed Reits having their largest trades EVER in the darkpools yesterday. This is a beautiful chart of Cubesmart and look at it. Housing broke resistance from 2007 in April and has now comeback to test it in Sept-Dec all while institutations are putting out paid ads to spread the doom and gloom. Everyone and their mother is repeating the housing shock. Well if...
As housing is a necessity for all of humanity... it's a good indication on where the markets heading. Since 2008, the housing futures market found support near !146 in early 2009, after an expansion and retrace the market found it's final bottom in early 2013 around !146 again. This was the last support before the world starts to flourish... Families were...