PHM UPDATED CHART - What's NEXT?What's next?
I'm not certain, but it looks like price can hold this key zone and use the rejection trends to bounce upwards to the 184 target (which is adjusted upward from 170).
RSI on the weekly is somewhat gapped, but bullish.
RSI on the daily is bullish.
RSI on the 4, 2 and 1 are near bottoms, so it's not a bad guess to say, maybe with all these indicators resetting and as we are nearing a strong support trend and strong horizontal support line, we might see a bounce.
good luck phm dudes.
also, bbbyq, gme and a whole bunch of other fun coming up.
House
LQR ACCUMULATION COMING TO ENDLQR has been making a series of higher lows , painting a very clear bottoming formation!
Sownsloping resistance needs cleared and turned into support!
Main targets lies at the Golden Pocket (.618fib zone) around $35
SAVILLS UK HOUSING MARKET IS MAKING A MASSIVE RISING WEDGEHello Traders,
Big rising wedge formation on Savills here with price on the top trend line of the wedge in overbought conditions with bear div on the RSI, it looks like a throw over.
Is the UK housing market in a bubble or will the price break the top of the wedge into uncharted territory?
Notice the bounce on the 24 year long trendline, I thought that was interesting anyway.
Im bearish here based on the chart, but also realise price could break above the wedge.
What are your thoughts?
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XLRE possible BreakoutXLRE is trying to breakout of a small basing formation.
With rates surging recently one has to question a potential failure of this breakout, however if it does breakout there may be some significant momentum to the upside. Could this breakout coincide with a sudden drop in rates?
interest rates and housing Australia.ECONOMICS:AUMR
A visualization of how house prices react against interest rates rises other than the obvious divergence where rates get cheap and people will spend more.
I haven't made any predictions, there are a lot of moving parts in the system at the moment.
CPI being a big one on everyone lips, affordability, availability, sustainability, buzz words right ha
A lot of people got money really cheap and after the 5 year fixed terms what is the flow on effect, have people stopped excessive spending and in turn the is a down turn in GDP jobs but CPI still climbs.
Will tenants pay for all the rate hikes if the houses are not worth it? will people try and interest only? left with the prospect of selling will prices go too low while we are still in need of more houses to curb demand?
ordinary interest increases appeared to be up to 60% over time and we are looking at a event where we are already 3x that.
I used info from another chart to have more complete data for the interest, I should have done the house prices too. ( If someone knows how to import stuff like this speak up, that was a ball ache)
Surprised tradingviews data was not complete.
datawrapper.dwcdn.net
Have your say. feed back is welcome.
Might do updates if i"m feeling inspired.
UK House prices have toppedUK house prices seem to have topped and look likely to correct to uptrending support. If history repeats (like 2008) then it will take 19 months for the retracement to complete. If you are looking to buy a house in the UK then you are advised to wait until April 2024, and buy the bottom. If we enter a protracted recession / depression then house prices may fall to the 2008 high.
My estimate for UK house price retracement is 19-20% at best, with up to 33% at worst. Hold on.
ECONOMICS:GBHPI
Housing Market Rocket Ride to Continue? M2 Money Printer BrrringFMAC HPI Housing price index is interesting to look at versus the money supply.
Both are always increasing and fairly predictable since 2012.
The HPI tends to follow this ebb and flow moving up all the time, until this year where we haven't seen it's typical plateau.
When you check the money supply trend, M2, we can see that if we follow the trend going back to like 2012, that since January 2020 we should have seen only around a 3% max increase in the money supply, and maybe actually flat if we were at the bottom channel.
Instead we've seen 18% more increase than the 3% we anticipated, for a total of around 21% increase where we would have expected a maximum of only 3%.
Now looking at the HPI we can see that very typically it ebbs and flows in these 4-6% up cycles, lets call them 5%.
This year we haven't see that plateau and have gone straight up about 10%, only double.
The question is how correlated are these two, are we set to see another 35% straight increase in the HPI over the coming months and years???
21% increase / 3% anticipated increase in M2 = 7 times anticipated
10% increase / 5% anticipated increase in HPI = 2 times anticipated
7 / 2 = 3.5 times HPI lag versus the money supply
Will we see that 3.5 times lag play out as another 30% straight increase in the HPI?
Many other factors such as supply and demand play factors in the housing market, but this is an interesting one to watch.
AAL Still Choppy NASDAQ:AAL has been moving between 11.30 and 14.13 since earlier this Summer. Election time is truly the moment of truth. With a second stimulus bill in the works the main question that remains is when? Higher lows on the CMF shows that initiative for buyers is clearly there, comparatively to other dips it has formed a similar pattern. The earning beat is positive for AAL however furloughs have been hard on the workers and the company is clearly struggling. There is reason to believe that airlines will recover nicely with stimilus as we have seen recovery across the board with House elections more clear. Once stimulus hits there will likely be another big buyback likely followed by a dump. The area I would look to hold AAL until is around 19.38, I have enough reason to believe that area will be liquid for the stock and create a pullback. A strong push above this line (likely a result of an innovation of product or vaccine development) could lead to the line serving as a moderate support until we have more information. AAL is a strong buy above 12.05. These lines were drawn on historical price action, however it is important to note since the initial COVID-19 low and swing high the Fib levels have matched up nicely with these levels
Livongo Health - IPO$ LVGOIPO that has done well and just sold half off expanded fibinacci $79, which it pinged off of just long enough. RSI and CCI show still a hold onto house monie$ and let it ride, but fibonacci showed take profit at $79 a month ago.
Support And Resistance – The House! EICHERMOTOR.----------------------------------Support And Resistance – The House!----------------------------------
Support and Resistance explanation:
Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a ground floor, first floor, second floor, and roof.
The market then moves lower, having reversed, back to the floor, where it consolidates.
The concept of Support and resistance is important for a number of reasons.
--> First, as we have already seen, a breakout from a consolidation phase can be validated with volume , and if confirmed, provides excellent trading opportunities . The so-called breakout trade s.
It is a WIN/WIN. You have the comfort of knowing that once the market has broken through a ceiling of price resistance, not only does this become a floor of price support, it has also become a barrier of price protection in the event of any short term re-test of this area. Any stop loss, for example, could then be placed in the lower regions of the price congestion. This is why breakout trading is so popular.
Senate&House tax bill clash pushes dollar lowerThe US Senate released its soft version of tax-cut plan on Thursday featured with two stages of implementation. In particular, firms may need to wait for tax breaks till 2019 what leaves a little from anticipated stimulus boost, though less risky for government budget.
The budget committee has already approved a reform option and next week the House of Representatives will vote, which is expected to point out the Senate's unjustified caution. The development of reform can lock into a cycle where the initiatives of the Upper and Lower Chambers will be reviewed several times until they work out common decision. The more differences between the reform options, the longer markets will be kept in suspense.
Investors in the fixed income market seem to expect a more aggressive version of the reform as they hastened to sell bonds after Senate update. Yield of 10-year US sovereign debt jumped from 2,320% to 2,372% on Thursday and keeps rising on Friday. The US dollar holds moderate declines, preferring to save optimism for the next week. This week turned out to be the most unsuccessful for US currency during the last month as investors were disappointed with the news about a potential delay in tax breaks for firms.
It is noteworthy that both bills will cost the government $1.5 trillion for 10 years, so in terms of the amount of expenditures they are identical and can not cause any discord. Also, both plans want to tax $ 2.6 trillion of US profits abroad, with the Senate offering a tax rate of 12% for cash and liquid assets, and the House of Representatives - 14%. From this point of view, the version of Senate look more attractive.
Morgan Stanley called the slip of tax plan as the main reason for increasing short positions on Dollar, as against the backdrop of a global recovery the US economy needs to warrant faster growth outlook to remain attractive to investors. If this is not shown, the outflow of capital will begin in search of greater yield in foreign markets.
The uncertainty that will drag on next week will probably take the dollar even lower, before it can move into growth. Medium-term dollar selloff look quite reasonable given the current development of the tax reform situation.
Arthur Idiatulin