Read a fascinating article from Forbes this morning about the state of the American housing market, Allegedly supply and demand are at an all time high and millennials Nearly at the mean age of buying houses 34y/o. so I opted to have a look myself and yes its True, sinse February it's been on a 45% bull run. Impressive stuff... And they say it can go higher......
Both Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ) are rocking and rolling. Mnuchin's interview paired with the court of appeals' move against the Gov't have sparked more interest here. This is great and another potential catalyst today could add fuel to the fire. HOWEVER, is there a motion likely before the election? I think the jury is still out on that front. ...
NYSE:LEN keep it on your watch list for a shorting opportunity
Winter is coming. Testing strong weekly resistance, noreasoning for such a blast off considering rates are low still. Noticed the weekly closed below the 10ma. Sell signal to me...
Should I be buying: Bitcoin? Gold and Silver? Commodities? And should I be bearish on Equities, Bonds, and Real Estate? ----------------------------------- Comment below.
Inflation becomes a tailwind for RE + Interest rates don't go much higher
Nice multi-year consolidation. Assym triangle breakout plus pattern bull bias = long w/ size.
Massive 06' double top and a clear channel breakdown. Not bullish.
HG HG1! Copper has been bottoming for quite some time. Economic trends are plumbing/housing, electronics, and EV vehicles, so let's step back and review. * Oversupply for quite some time. * Copper prices are historically peak in December. * Housing/construction build rates for SF/MF/5+units is steady Yr/Yr for 5-yr and slight growth if any. * ...
This, my Custom Real Estate Index, paints a very clear picture that RE does not like the recent FED rate increase and is under pressure. One could state that investors are fearful that RE returns could be pushed towards the negative and that the US Real Estate markets could "roll over" with another Fed rate increase. Right now, the price channel and regression...
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.
Lennar showing a massive double top and is currently sitting on support at $48 - looks poised to head lower.