by Chris Kimble | Nov 8, 2018 | Kimble Charting
Housing market concerns are bubbling up once again. Remember the 2007 housing bubble? Well this may not end the same way, but it’s definitely worth noting the weakness in the housing sector. Especially the homebuilders (via the Dow Jones Home Construction Index). Take...
by Chris Kimble | Nov 7, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE The above 2-pack looks at a couple of very important sectors of our economy, Home Builders and U.S. Concrete. Both have been hit very hard this year, declining large percentages. Both have been much weaker than the broad markets. The declines...
by Chris Kimble | Jun 1, 2018 | Kimble Charting
During the stock market correction and current consolidation, we have received several mixed signals and indicators. The Dow Jones Industrials, Nasdaq, Banks, and Semis all hit key long-term resistance in early 2018 and pulled back. This isn’t necessarily bearish, but...
by Chris Kimble | Jan 15, 2015 | Kimble Charting
CLICK ON CHART TO ENLARGE Home construction stocks have been pretty hot of late and reflecting big time relative strength compared to the S&P for the past two months. Home Construction ETF (ITB) rallied to the highs of last year and this week is creating a...
by Chris Kimble | Mar 24, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE The Dow Jones Home Construction index created a “Bearish Head & Shoulders” top from 2003 to 2007. The index ended up losing 90% of its value during the housing crisis with half of the decline taking place once the...
by Chris Kimble | Feb 21, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Home Builders and Real Estate both hit peaked last May. Did they peak due to concerns over rising interest rates? I suspect rising rates did have an impact. As you can see from both of these above, both peaked at the same time as each...
by Chris Kimble | Dec 16, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE In the last 7 months, the S&P 500 has rallied 7%, is all good in the neighborhood? Is this a big rally? Not when you compare it to the rally in yields! When it comes to interest rates they’ve rallied much more as the yield on the...
by Chris Kimble | Oct 28, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Saying that Real Estate is important to the economy is an understatement, to say the least! IYR created what looks to be a “Head & Shoulders topping pattern” back in 2006 to 2008 at (1) and in turn fell hard, the broad...