It's a probability for the next year(s), especially given the high exuberance of the market(s) right now. But definitely something to watch. Who knows, it might break the dome like SPY/SPX did. No touch yet for me until good direction is given.
XHB failed the 200 sma today. It also broke the consolidation area. The measured move is a continuation pattern that could bring it to about the 32 area. Long 33 puts
$XHB looking like a large double bottom formation. See if it breaks neckline over next few months for confirmation.
Homebuilders hit a top and formed a double top after correcting a bear impulse leg now price is hitting sideways support so looks like there could be a short set up here as a new impulse into the lows it is worth keeping an eye on this one For more information in joining my professional signals group or professional online trading tuition, Message me directly on...
Bulls are around, could be a set up next week here so we should keep an eye on this one. For more information in joining my professional signals group or professional online trading tuition, Message me directly on Trading view or email me with the email address on my Trading view profile page Twitter: Tomkillick1 Email: T.killick182@gmail.com Skype:...
This is clearly ready to pop with a key horizontal level and diagonal trendline being tested. Above rising 5 day MA. Placing a stop under rectangle.
1. Overbought on CCI 2. Trend Indicator is in a downtrend using 2 month low in RgMov 3. Maximum volume level at $36.50 is maximum resistance here. 4. Large distribution zone could be in place if below $36.50 Time will tell. It looks like a good setup here. Sell short if down on the day only and more if below Friday's low. Tim 1:15PM Sunday 10/11/2015
Traders Clear weakness is seen here -Lower low to an important resistance level, (Sideways as well as straight resistance levels, creating an action level) -Sideways and straight resistance are having an impact on the stocks price. -We are at 61.8 retrace of the corrective leg impulse, looking very nice for some downside -Converging major MA's - Converging...
XHB has been consolidating within a 2-month range between March’s 35.01 low and the 37.31 YTD peak (March 31, 2015). While the 35.01 range support holds dips, back above the 36.59 resistance (April 16, 2015 high) would suggest basing and offer scope for further bullish momentum towards 37.31. Clearance above the latter is needed to complete the 2-month long...
XHB breaking out yesterday taking out a previous double top area and the Fractal marked on the chart. Homebuilders should remain strong going into spring season. I am long XHB
Housing SUCKS. This is the SLOW season coming up, to make it worse. New housing apps down to lowest level in forever, everything about housing SUCKS. GREAT SHORT HERE. Update 11/21: I was a little early on this short! I was happy to buy a few cheap $33.5 weekly puts for next week. I typically don't like to buy options at the end of the week to carry into the...
Home prices are falling, less and less applications for homes, and rising interest rates... nothing is going well for the housing hangover...