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PHLX Housing Sector Index

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HGX trade ideas

Double peak every time rates peak - Housing downturnNot short yet, expecting something to happen in the next ~6 months. Housing could get cheaper soon. Double top pattern has been consistent in the past. The Philadelphia Stock Exchange (PHLX) Housing Sector Index (HGX) tracks housing development companies in the U.S. construction market. HGX began trading in July 2002 with an initial value of 250. Trading on the Nasdaq, the index calculates its value using the price return index and the total return index.
TVC:HGXShort
by space_bear
4
HGX Realestate Housing Bubble 2008.2Here's the monthly chart on this housing index. I have no idea what I am charting but it looks like the index is moving with the recent major events such as FED increasing rates finally, everyone is FOMO into buying a house and everyone and their grandmother are becoming real-estate agents haha. FED are supposedly cutting back on MBS purchasing also. With that said.. This isn't 2008! Buy now before your priced out. Stonks/Hoomz prices only goes up! Great investment, a hoom is your piggy bank!! LOL
NASDAQ:HGXShort
by legcramp89
Sell real estate after 2023I am reading all kinds of stuff on the housing market so I decided to look at some data. This is the housing market divided by the M2 money supply. In brief - inflation is here and this thing is about to pop. To the upside. In fact prices of real estate would have to basically double from this point on just to reach 05/06 prices, accounting for the money that has been put into circulation since then. This triangle structure has its apex in March/April 2023 so if you want to sell your house, consider waiting at least a couple of years and don't make any more kids until then. If you look at my other ideas, I use fairly simple technical analysis to illustrate macro ideas. Hopefully this can be helpfull, but it is just my vision, not financial advice and please do your own research. Thanks.
TVC:HGXLong
by lonkozz
Homebuilders Are Trying to TurnHomebuilders have pulled back following a big rally. Now the chart could be lining up for another move to the upside. The Philadelphia Housing Index has been finding support at its 100-day simple moving average for the last two weeks. It’s also been holding a price zone around 460. That’s potentially significant because it was a peak on March 17 and then a consolidation zone March 26-30, before prices broke out to new highs. Those are longer-term patterns. Two other signals have appeared in the shorter time frame. First, HGX is pushing above its 21-day exponential moving average (EMA) today – something it hasn’t done in a month. The 8-day EMA is also nearing a cross above the 21-day EMA, which will trigger alerts for some trend followers. Second, MACD is rising again after a month in the red. Finally, the weekly chart shows an inside candle last week. That also suggests the shorter-term downtrend has ended and prices are ready to resume their longer-term uptrend. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
TVC:HGXLong
by TradeStation
5
RED HOT! When is the housing market going to crash?I didn't say that this post is 'red hot'. And I don't know if or when the housing market is going to crash. The captioned question in a popular search engine rose 2,450% in the past month! That must be super red hot! What's the RSI on that? 😄😂 Expand the chart by pressing the + icon, for a clearer view. There is extreme chatter in the blogosphere about housing bubbles and crashes. Some want to understand why all the interest in that. After all if something doesn't make sense what's the point of paying any further interest. Oh - except if it's US Equities and Bitcoin - right? I get it - some see sense in Bitcoin and Stock indices going north so they're ploughing their money into those two. The 'sense' is ' The FED has my back.. I'll hedge against a crashing US Dollar! '. That's all people know - I'm often told. Has the FED got your back on the price of your house? I don't think so. But I could be wrong. I'm actually wrong about 60% of the time. And nothing here is advice, anyway. So nothing I say seeks your belief. Ahhh.. so what's that crazy spike in searches on the question? Could some be worried? Oh yes the 'some' are probably those who made a killing; now looking for signs of a true peak, to dump on those looking to buy into a superheated market. They're in the search engines checking out carefully for news and early signs of a reversal. Some are nervously watching for potential rises in interest rates and hyper-inflation. Those sort of folk probably know little about technical and fundamental analysis. Is there a peak as yet in the housing market? Nobody can know because there is no dip and no double top at the leading edge, to define the peak (as yet). That means it can still go far more north - to dah Moon, for example. 😉🤐 So for those who need to understand what's going on with house prices, I speculate the following: 1. The parabolic end of the curve up suggests to me this is a stampede of competitiveness among many who think that all bearish sentiment in the economy has been crushed. These are not the likely to be a large proportion of the people searching madly the captioned question. 2. People with cheap credit have jumped on a bandwagon, thinking perhaps " A new dawn is ahead..we've beaten the virus. We have vaccines. Time to git going! Things can only get better. " You know the song? 3. Some believe that the rise in equities plus virtually unlimited monetary and fiscal stimulus means ' They've saved the economy. ' 4. Housing property prices took a leap because there was more demand for homes in the pandemic period. But that's not the only reason. Anyway the initial pump got the bull market going. Then came the stampede with some false peaks as jitters set in for shorter periods. I'm not a housing sector analyst. Now compare what happened in the CONSTRUCTION, PROPERTY & REAL ESTATE INDEX (chart below). Hmmm.. construction? Yeah.. that's nothing to do with housing - right? Think harder. Sound traders and investors know that the best moves they can make in any market involves 90% of their time spent thinking! Is the housing market in the US a bubble? You and I won't know until after the sound of a POP! If you have other ideas, do share. Let's get that discussion going. Disclaimers : This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
NASDAQ:HGX
by Captain_Walker
Housing Index Breaks Out Before the FedHousing stocks have chopped in a very tight range since October, but now they’re trying to break out. This weekly chart highlights the ascending triangle on the Philadelphia Housing Sector Index. Notice how HGX made consistently higher lows while staying under 405 – that is, until last Wednesday, January 20. Interestingly, the news that day was bearish: NAHB’s homebuilding index unexpectedly fell as builders complained about land shortages and high lumber prices. The next day, investors got a very powerful report from the Commerce Department as starts and building permits spiked to 14-year highs. Both beat estimates by healthy margins. It appears that any lingering effects of the 2008 subprime crash are thoroughly in the rearview mirror. We now seem to face just the opposite: Instead of a speculative, debt-fueled bubble, we have a legitimate supply/demand story with low inventories and armies of millennials wanting suburban homes. Despite that improvement, HGX has barely moved for years. It’s only 15 percent above the previous peak in January 2018, while the S&P 500 has gained 34 percent over the same period. Mortgage rates have also fallen more than a full percentage point over the same time span. Speaking of interest rates, there’s a Fed meeting on Wednesday. Jerome Powell has recently floated the idea of capping long-term borrowing costs. Repeating that idea could give a direct boost to housing and help HGX move past these old levels to join the broader market running to new highs. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
TVC:HGX
by TradeStation