Todays FOMC minutes stated they will "support slowing of interest rate hikes soon to assess the lagged impact of monetary policy" XHB - Homebuilders etf will benefit most from slowing or pausing of rates. New home sales data today reported better than expected results too.
Broke with huge volume on 10th November Buy was triggered. I did not enter as it was gap with $3 range bar. Then retraced to converging EMA. Now Stochastic black bar on top Elliott oscillator green Retraced on lower volume Yester small gap up high volume than last 4 days retrace. Today (23/11/2022) i will place a buy above yester high SL $58 near 50-day average.
Previous uptrend as in chart Wedge Double Bottom Second Bottom lower than first one And did not break the low when small rally on left began from 51.23 levels CCI is green as of now Pivot 59.44 need to break Still: Elliot oscillator need to become green Stochastic need to turn up and have black bar on top.
I'm looking at XHB weekly timeframe and comparing 2006-2009 US housing market with current situation. On 17 July 2006 XHB bounced 38% then dumped and lost previous swing low/ key support /28-30$ level/ on 23 July 2007/371 days/. When XHB lost key support SPX made first top and second top was 3 months later with bearish divergence, after which S&P dumped 57% and...
Simple chart to look at the relation between hew home builds, a broad housing ETF and a mortgage lender. It demonstrates that they all have a strong correlation and that mortgage company performance is a leading indicator of housing market performance and that new build housing stocks are a leading indicator for the housing market in general.
Just as the real estate sector, expect homebuilders continue to correct the same. Nice pull back for a wave 2 will present a amazing opportunity as we move forward in the decade. Inventory is very low which is good since rates are moving higher.
Been bearish on the markets for a few months now but it looks like XHB should get a slight rebound off support here.
I wonder if we are about to witness a market "correction" of biblical proportions, right in time for Easter. So far this decade, all bearish bets have basically been slaughtered, but fundamentally, this is still a grand delusion, likely the greatest financial heist in the history of all our civilizations.
SPDR Series Trust Homebuilders ETF ( AMEX:XHB ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $-- Current Price: $61.34 Breakdown price: $60.00 Sell Zone (Top/Bottom Range): $61.40-$68.80 (1st) Price Target: $51.40-$49.40 (1st) Estimated Duration to Target: 107-110d (1st) Contract of Interest: $XHB 9/16/22 60p Trade price as of...
Home builders looking like junk. Trend is lower. Look for quality companies, avoid cyclicals.
I added XLB short. I was using the daily stoch as swing trade short. Know I am moving from the daily chart over to the weekly chart for longer term position The weekly stoch under 30% and crossed down and u have lower highs target 26. Look daily vol more selling I have order really load up breaks 64 green arrow
Homebuilder ETF could come under more selling pressure with price drop toward $50. Will stay away for at least until 3rd QTR.
Daily stoch heading down looking for housing continue drop with high rates. She breaks 64 she will drop. Look vol not bad Look weekly heading down
This can be a good short with all the discussions about rising rates. Chart is setting up a bear flag on a crucial level. When this gives out there isnt much support underneath. Taking a position in puts.
This sideways chop/channel has been keeping both the bulls and bears honest for a while now. I am leaning on the GREEN and ORANGE dotted lines (lookback periods) to maintain my bearish bias. There are four sets of support and resistance levels that are displayed by Aspen Trading’s S/R Analysis Tool. Each one is unique to a specified period of time that we then...
Will the EverGrande Real-estate situation in China be the catalyst that pops our real estate bubble and slow down our homebuilder industry? This was last year, when they listed their stock to the HK market and scammed retail money. Now they are out of cash again, and their bonds are worth less than 30% on the dollar. If this thing collapse, it could be China's...
Housing market is looking pretty toppy. Would suggest holding off on buying a home for a few months.. Supply is greatly starting to outpace demand.