‘real estate’ Archive

Leading sector creates monster “engulfing bearish” pattern this week!

  CLICK ON CHART TO ENLARGE Home construction stocks have been pretty hot of late and reflecting big time relative strength compared to the S&P for the past two months. Home Construction ETF (ITB) rallied to the highs of last year and this week is creating a BIG engulfing bearish pattern at these highs.  What […]

Home Builders diverging again, similar to 2006-2007

  CLICK ON CHART TO ENLARGE Almost four years ago the Power of the Pattern shared that a falling resistance line breakout would be good for home builders ETF XHB (see post here). Since the posting XHB is up almost 100%. Despite the S&P 500 doing well since 2010, XHB has out performed the S&P by 40%. […]

Real Estate & Home Builders at an inflection point?

  CLICK ON CHART TO ENLARGE Real Estate ETF (IYR) is up almost three times as much as the S&P 500 Year-to-date. This rally has taken IYR up to a falling resistance line, drawn off the 2006 highs.  The DJ Home Construction Index is rather soft today as it as well is hitting a key resistance […]