Member
Posted 15 May 2018 - 06:41 PM
From the link:
It is nearly impossible to call a market top before it becomes obvious it has already happened, but the housing stocks have come closest in the past to doing it.
Which is why I keep an eye on LEN, KBH, DHI, MDC, NVR, TOL, PHM AND TOL. If is all not quite well with the market (and the economy for that matter), they are often the first to show the strain.
For the discussion, historical links and the charts:
HOUSING STOCKS AND THE THREE LITTLE BEARS
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Member
Posted 15 May 2018 - 07:11 PM
I think we are in a trading range at this point.
Member
Posted 16 May 2018 - 09:00 AM
The Utilities also broke down from a bear flag. They tend to lead by a couple of months.
