Building your new home is exciting, especially when you understand how the process works. It’s understandable that buyers are excited to see their new home built from start to finish says Chip Perschino, senior vice president of construction at Edward Andrew Homes. “Our homeowners enjoy watching the home come together, from pouring the foundation to framing and...
We are busting that trendline to the downside. VPOC on the weekly is at the top. We are now below the monthly VPOC. The amount of bagholding on this is going to be almost incomprehensiible. www.shuswaphomes.com
Idea for Housing/REITs (VNQ): - The Housing Market will crash. I am short REITs. - Lumber rose 400% in a year during a global crisis and then dropped 50% in a month... This is not a correction, but a bubble pop. - China reining in commodity prices. They announce that they will soon release state stockpiles of metals: www.bloomberg.com - State firms ordered to...
Trade for XRE: - Speculative trade. - Long put 16 strike Dec 17 2021 for 0.30 debit. GLHF - DPT
Technical Tuesday: Technical reasons to be short Canadian REITs (XRE): Mid Term (Trend): - Median Line with 80% chance to return to median line, once re-enters channel (Andrews) - Rising Wedge Short Term (Trade): - Exhaustion Gap (x2) - Double Top - Dark Cloud Cover Speculated movement within John Hill-Gann. Elliot Wave Projection forecasted. GLHF - DPT
#Canadian real estate is finished. The top is in for Canadian real estate as it has tested the top of 2007 multiple times and now is in a decline. #Canada #debt
Seems like the RSI showed divergence in fall of 2017, Toronto peaked in Summer 2017. $EWC $XHB $XRE
making a strong bearish candle on the weekly. just need some more volume $XRE $XHB