BC

The Homebuilders Are Done.

BC  
AMEX:XHB   SPDR S&P HOMEBUILDERS ETF
14 0 0
The homebuilders are completing a terminal move for a cyclical Elliott Wave (EW) corrective projection with bearish volume , RSI , and MACD divergences appearing.

Cyclical EW and TD             supports are 22% and 55% lower.

This is occurring with the US real median house price now at the bubbly levels of 2006-07 versus US real wages and salaries. A similar decline as in 2007-11 for homebuilder stocks and US house prices is likely over the next 2-5 years.

Related Ideas

BC
Google Is Topping
BC about GOOGL a year ago
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out