by Chris Kimble | Aug 20, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Real Estate ETF (IYR) has lost 15% of its value in less than 90 days. Two support lines are in play right now. The Power of the Pattern suggested in May that a large bearish rising wedge was in place in the Real Estate market was due to fall...
by Chris Kimble | Aug 16, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE New mortgage applications are falling like a rock of late!. Is this due to the steep rise in rates? Seen the inset rate chart above and look what has happened to applications during the window of rising rates. Home builders are already into...
by Chris Kimble | Aug 15, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Home builders created a bearish wedge in 2006, broke support, rallied to “kiss the underside” of resistance then proceed to fall over 80% in value and the broad market followed. Over the past couple of years, Home builders formed...
by Chris Kimble | Jul 31, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Real Estate has been on a roll over the past few years, moving strongly higher off the 2009 lows. Two months ago today the Power of the Pattern shared that the last time the Home builder’s created this pattern the S&P 500 fell 50%...
by Chris Kimble | Jul 27, 2013 | Kimble Charting
Back in May the Power of the Pattern suggested to short Japan’s Nikkei index due to it hitting a 20-year falling resistance line. The Nikkei declined almost 20% in a couple of weeks, after it hit this line and then hit the 50% Fibonacci support line and...
by Chris Kimble | Jul 26, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE After creating a bearish rising wedge, the DJ Home Construction index broke support and then rallied to……… kiss underside of the old support as resistance on 5/17. Results since the kiss of resistance….A 19% decline in...
by Chris Kimble | Jul 24, 2013 | Kimble Charting
The Power of the Pattern shared that interest rates were ready to blast off and government bonds could get hurt on 5/3 (See post here) Since then rates are up 40% and TBF the bond short has made as much as SPY has for the Year (see TBF performance here) Could...
by Chris Kimble | Jul 10, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Whether you rent or own Real Estate, the direction of Real Estate values is very important to the health of the overall economy! Unless you liver under a rock, I’m not telling you anything new when I share that the weakness in Home...
