PHLX Housing Sector - Potential ShortMacro-Trade considering the state of the economy. Worth the watch.
HGX trade ideas
Housing making new all time highs. The previous high should now act as support. Strong buy signal on the monthly chart. Any pull back to 295 would be a great entry. Housing prices could double in the coming years with a partial sell target at the 1.618 Fibonacci level at $430 and another sell target at $650 on the 2.618 fib.
HGX monthly - timing the housing market - 10/27/2016Housing market may be ready to roll over. I guess spring 2017 will be telling. We will watch and will act according.
PHLX New HighWill PHLX New High break UP or do we have nice SHORT Opportunity from 2016 TOP?
Inverse HS on Daily?
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HGX SPY correlation studyMay not mean anything, but assuming housing is repeating 2007, and same playbook applies, SPY can rise 11% from current level, with a final peak in December this year. That would put SPY at $223.
HGX weekly - a small breakout - 4/22/2016As speculated back in January, housing index rebounded strongly and now it closed above the red resistance line this week. It is very close to the blue resistance line, RSI is also close to the upper resistance channel.
HGX weekly - last bounce of housing? - 2/28/2016Looks like last counter-trend bounce of housing is underway. A positive MACD will give me more confidence.
HGX monthly - one last bounce? - 2/9/2016So far the chart looks similar to that of 2016. Uncertain a bounce is coming, but worth monitor carefully. Most importantly watch out what follows if a bounce indeed happens.
HGX monthly - housing peaking? - 09/25/2015MACD and RSI diverged from the index, long term trend line from 2011 appears to be breaking. This is concerning as this may indicate housing peaking (in about 12 months?). Anyway I will keep tracking this index.
