North American Construction Group provides mining, heavy construction services to customers in the resource development, industrial construction in the US, Canada and Australia. I tried trading this stock back in 2021 and got stopped out. If it wasn't for that I would have had dead money for more than a year! Thank God for stops. Now, NYSE:NOA is ready to...
The ETF for home builders went parabolic last week, mostly because of an earnings blow-out from DR Horton (DHI). This chart is one to watch to see how dangerous parabolic moves can be. ITB faded intraday after stretching well above its upper Bollinger Band (BB). The BBs define an expected price range. So when price goes well above the upper-BB, the stock, ITB in...
iShares U.S. Home Construction ETF ( AMEX:ITB ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $-- Current Price: $60.52 Breakout price: $61.00 Buy Zone (Top/Bottom Range): $59.80-$54.00 Price Target: $67.40-$68.80 Estimated Duration to Target: 138-145d Contract of Interest: $ITB 10/21/22 60c Trade price as of publish date: $5.80/contract
Closing the week red again. Bears seem to be in total control, charts breaking down across the board (less VIX/ Bear Funds of course) SPX less than 3850 (-20%) funds go officially "Bear Market" 3700 Capitulation levels Less than 3500 massive de leverage , margin-calls , and breakdown We need one of those "bear market rallies" I keep hearing about ... 7 red...
SPY follows ITB, not the other way around. Don't fall for the emotional trap in the markets right now. Q3-Q4 2022 could be very ugly. Shemitah year also. Good luck.
We might be seeing the DEATH CROSS before weeks end.
{repost from my blog which includes screenshots and charts} Housing Market Intro and Summary The Spring selling season looked like it started strong for new home sales. The data for April reveal a story evolving differently. Absolute inventories rose for both existing and new homes and yet sales declined. Housing starts also suffered a setback. Median prices of...
Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Long 100 $XHB Short 100 $ITB Mean Reversion Time: 8 Trading Days
Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Long 100 $XHB Short 100 $ITB Mean Reversion Time: 8 Trading Days
Let try with me a setup with a very huge Risk/Reward. Can we take profit of this trade? Let see :)
Have a great day all!
Here is a dual chart showing the weekly chart on top along with the daily chart below. On the weekly chart, you can see how the price has remained within an ascending channel since the Christmas Eve low. The price recently hit and broke through the 61.8% Fibonacci Extension level in early September. The recent pullback has the price sitting right in-between the...
Another 7 years of bull market. Good for commodities, housing, stocks, etc. I think the USD will weaken. TRUMP BUMP!
ITB Homebuilders 3x ETF, weekly chart has more room to run. Daily chart is ready for break out. Inverse H and S . LEN , KBH and DHI all had great earnings reports recently. Above $46.35 would be all time highs. The FED should be cutting rates again with the Oct 4th economic data, so more bullishness for homebuilders. Good luck!
Above the 40 (November 1, 2018) – An Extended Oversold Period Ends with Important Footnotes November 1, 2018 by Dr. Duru AT40 = 21.4% of stocks are trading above their respective 40-day moving averages (DMAs) – ends an 11-day oversold period that followed a 4-day oversold period AT200 = 32.0% of stocks are trading above their respective 200DMAs VIX =...
AT40 = 11.7% of stocks are trading above their respective 40-day moving averages (DMAs) (hit an intraday low of 9.4%, oversold day #3) AT200 = 32.3% of stocks are trading above their respective 200DMAs (intraday low of 30.0%) VIX = 21.3 (a decrease of 14.7%) Short-term Trading Call: bullish Commentary AT40 (T2108), the percentage of stocks trading above their...
I saw a flicker of hope for home builders in the May Housing Market Review. Traders decided to snuff that flicker out very quickly afterward. When I wrote June’s housing market review and described a “struggling flicker,” the iShares US Home Construction ETF (ITB) was once again bouncing off the bottom of 2018’s trading range. Almost like a cycle, a month later...
AT40 = 33.8% of stocks are trading above their respective 40-day moving averages (DMAs) (was as low 31.9%) AT200 = 47.8% of stocks are trading above their respective 200DMAs VIX = 14.0 (was as high as 15.8) Short-term Trading Call: neutral Commentary The S&P 500 is only 1.0% off its all-time high, yet extremes and critical tests of support abound. AT40 (T2108),...