Home building Will it continue or start declining

Updated

This could be a leading indicator for what is to come. Let's keep an eye on it.

We do have a bearish divergence on the monthly RSI. It also is happening on the weekly as well.

It is to early to tell what direction it will go. We should expect a strong bounce from here and see where it goes.

Best regards.

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Home builders could be a leading indicator to where the market is going. I don't trade it, I only view it as a guide to the market. If XHB can hold the medium line, then it's very likely that the recession is over and will continue building (pun indented) towards upper growth for the months to come.

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Home builders is about to have a monthly cross on the MACD, the Stochastics are above 20 in by territory and the RSI is making new highs. It's very hard to see this market fall now.

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Home builders is trying to hold the mid point line... Holding this mid line is a very good thing.

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link to the chart with another look, much cleaner with more indicators.

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housing has been above the median line for 3 months and is going for a 4t with June. This for me is a bullish sign for the markets.

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The Home builders index today has broken out of it's bear market.

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Bull market confirmed.

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Home builders has made an incredible recovery. It indicates the markets should follow.

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What a move by the homebuilders!!! It dragged the whole market up with it.

Double top forming? Time will tell, but there is a correction in order as it has formed a fairly substantial bearish divergence. Lets see how it plays out.

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Home builders has now corrected to the mid area of the growth curve. Holding here and finding as support could move higher next year. Breaking this could lead to lower prices next year.

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New highs are here!!

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