The fundamentals for the U.S. Housing market are in terrible shape. More supply than ever before, record low mortgage applications, mortgages getting more expensive to finance and rates continually rising. This sector will continue to fall as the markets correct.
Short or Put, this is a solid trade.
Indicators all pointing to a bearish reversal. Brazil had a nice big rally, now it's time for a short term reversal. EWZ is ripe for a short, or for the putting.
First target: $37.77
Second target: $36.42
Third target: $35.08
Technical indicators all pointing to a reversal to the downside. Automotive market getting hammered right now likely due to consumer debt getting more expensive to finance, and sluggish sales. Short term PUT on Ford looks good, as does a short.