Nice multi-year consolidation. Assym triangle breakout plus pattern bull bias = long w/ size.
Real Estate bubble pops or at least begins to break by early 2020
THE HOUSING MARKET TOP IS IN, HOW COULD YOU GO WRONG?
Zillow Group is likely the RE game changer for changing the way RE is bought and sold from 5-7% commissions and today's housing markets. Not a Redfin fan for being a game changer, and Zillow still needs to figure out some things with FSBO (for sale by owner). Down 43% from peak. 1/2 share entry and 1/2 share standing order lower, just thoughts for now. ...
The numbers are telling the story here. I believe in playing the trend with high success.
Massive 06' double top and a clear channel breakdown. Not bullish.
Seems like the volume on the last bull push was exhausted. Should see 260 soon! Then lower! Coming from the same guy talking about AMD going from 3$ to $20 by 2020. The same week I picked out NVDA at 27 a share! Gut has treated me right....
Buy DRV or short DRN, both weeklies blatant. $DRV $DRN
If you take a look at the behaviour of the REI index before, during, and after the 2008 recession and present day. The REIT is in blue, the S&P500 is in red. Before REI index is outpacing the S&P500 During REI index is converging with the S&P500 the indices both fell together with the REI falling more aggressively After REI index...
I saw a flicker of hope for home builders in the May Housing Market Review. Traders decided to snuff that flicker out very quickly afterward. When I wrote June’s housing market review and described a “struggling flicker,” the iShares US Home Construction ETF (ITB) was once again bouncing off the bottom of 2018’s trading range. Almost like a cycle, a month later...
Double top, 6 year trendline broke, and cut through support at $50. Downside incoming.
The Real estate market topped last fall and now the indicators the confirm it are recently confirming the housing market has been exhausted and will not continue to help grow the economy in the next few years. LONG DRV, the charts are looking sweet i.m.o Some Jan 19 calls should be good.
Lennar showing a massive double top and is currently sitting on support at $48 - looks poised to head lower.
saw the reversal candle on the 30 min, but came down to a double bottom. Now it is taking off..Question for the RBA what the hell are they doing? Won't be seeing an interest rate hike until 2019. Housing bubble around the corner for them, and if the UK can at least flame the worries of a hard brexit should see this pair rise.
This is the weekly chart of Savills PLC, real estate provider. I rarely trade stocks, but sometimes I see an opportunity that piques my interest, because it a) has an interesting chart and b) fits into my fundamental world view. In this case, I believe that housing is over-leveraged, and is 'affordable' only as a result of an artificially low interest rate...
Lennar has had an impressive performance record with a recovering economy and housing market. The company's continued effort on Real Estate development and Financing is fueling sales growth. Earnings should get a boost from cost cutting and operational efficiency efforts. Sales, however, are expected to dampen in the quarter with 120 homes deliveries postponed...