Not short yet, expecting something to happen in the next ~6 months. Housing could get cheaper soon. Double top pattern has been consistent in the past.
The Philadelphia Stock Exchange (PHLX) Housing Sector Index (HGX) tracks housing development companies in the U.S. construction market. HGX began trading in July 2002 with an initial value of 250. Trading on the...
The Philadelphia Stock Exchange (PHLX) Housing Sector Index (HGX) tracks housing development companies in the U.S. construction market. HGX began trading in July 2002 with an initial value of 250. Trading on the Nasdaq, the index calculates its value using the price return index and the total return index.
After a double top, and what appears to be a double bottom, Philadelphia Housing Index sits right on the 50% fib and just on the top edge of the cloud resistance. It is near the 1.27% Gartley extension (point B to D).
Encouraging is the strengthening 12 week RSI (yellow highlight). Next few weeks will tell whether we reverse back off this or break through...
Fed Chair Powell not seeing a recession? Myopic view of the unemployment rate is his gauge? Take a look at one of the biggest recession indicators -- housing. Double top, head and shoulders. It's going to get ugly.
I will be tracking this to see if we make a continued move down. Very interesting market conditions as well as the double top we saw over the last year. How much lower do you think we can go? 33% down since the end of 2021. Will we see a reversal?
Here's the monthly chart on this housing index. I have no idea what I am charting but it looks like the index is moving with the recent major events such as FED increasing rates finally, everyone is FOMO into buying a house and everyone and their grandmother are becoming real-estate agents haha. FED are supposedly cutting back on MBS purchasing also. With that...
The PHLX Housing Sector Index (HGX) is a modified market capitalization-weighted index composed of companies whose primary lines of business are directly associated with the U.S. housing construction market.
The Index began on January 2, 2002 at a base value of 250.00; options commenced trading on July 17, 2002.
I would like to buy a house and not overpay 50-100%, so time to die housing market. Been looking for 1.5 years and I'm over it ya'll.
Fell below bullmarket support band for the first time since May '20. Rounding top, bearish candles in recent price action.
Probably gonna take another leg up, but hey a guy can dream can't he?
Unless you're buying with cash, good luck getting a loan when the Fed is done with it's wrecking ball.
See you at the bottom :)
Disclaimer : Not investment advice.
Expecting the housing market to drop a little.
Sell signal on BlueWave is coming in soon.
We have 2 conditions for this to play out.
Condition 1 line needs to be broken.
After condition 2 is broken you'd have s strong confirmation that a downward trend momentum has started.
Short/or PUT options for a play like this.
I am reading all kinds of stuff on the housing market so I decided to look at some data. This is the housing market divided by the M2 money supply. In brief - inflation is here and this thing is about to pop. To the upside.
In fact prices of real estate would have to basically double from this point on just to reach 05/06 prices, accounting for the money that has...
Idea for HGX:
- Bubble commodity prices and supply chain issues having lagged effect on homebuilders.
- Land + skilled labor shortages. Global productivity on a decline.
- Waves synced.
- Solar wind Jul 12-13.
- Speculate next drop Jul 12-15, EOM at latest.
GLHF
- DPT
Homebuilders have pulled back following a big rally. Now the chart could be lining up for another move to the upside.
The Philadelphia Housing Index has been finding support at its 100-day simple moving average for the last two weeks. It’s also been holding a price zone around 460. That’s potentially significant because it was a peak on March 17 and then a...
I didn't say that this post is 'red hot'. And I don't know if or when the housing market is going to crash. The captioned question in a popular search engine rose 2,450% in the past month! That must be super red hot! What's the RSI on that? 😄😂 Expand the chart by pressing the + icon, for a clearer view.
There is extreme chatter in the blogosphere about housing...
Housing stocks have chopped in a very tight range since October, but now they’re trying to break out.
This weekly chart highlights the ascending triangle on the Philadelphia Housing Sector Index. Notice how HGX made consistently higher lows while staying under 405 – that is, until last Wednesday, January 20.
Interestingly, the news that day was bearish: NAHB’s...
HGX looks to be near the top of a wave 3 of 5, within a wave 5 overall. Expecting significant pullback in the housing market to start within the next year or two. This should be a wave 2 so we will not break the lows of 2009.
