by Chris Kimble | Jun 13, 2019 | Kimble Charting
For the past decade, Lumber prices have traded within a broad rising trend channel. See (1) on the lumber “weekly” price chart above. Recently lumber prices hit the bottom of that channel and began to bounce higher. This could be good news for the S&P 500 Index...
by Chris Kimble | Sep 24, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE Home and Lumber prices can send important messages to how the economy is doing. The chart above looks at Lumber prices over the past 11-years. So far this year, Lumber and the DJ Home Construction index is diverging against the broad market....
by Chris Kimble | Aug 3, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE Over the last 30-months, Lumber and Homebuilders have been much stronger than the S&P 500. Both were upside leaders as Homebuilders gained 50% more than the S&P and Lumber doubled S&P gains since 1/1/16 Not only did they...
by Chris Kimble | May 23, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE Few industries are more important to the overall economy than the Housing Sector. The chart above looks at the Dow Jones Home Construction Index over the past 18-years and how it has peaked and bottomed ahead of the broad markets in the past....
by Chris Kimble | Jan 15, 2014 | Kimble Charting, Sector / Commodity
CLICK ON CHART TO ENLARGE Ever heard of the idea of buy low & sell higher? Believe in it? If not quit reading now! If you do believe in the idea of buy low & sell higher or believe in buying assets that are out of favor, the above chart might be of...
by Chris Kimble | Jun 1, 2013 | Kimble Charting
CLICK HERE TO WATCH INTERVIEW We discuss why we are shorting the Nikkei (EWV up 20% in 8 Days), what message Lumber and home builders is sending, Double top in the NYSE with margin debt in the danger zone, new Eiffel Tower patterns forming and break downs in Kimble...
by Chris Kimble | May 28, 2013 | Kimble Charting
The Power of the Pattern reflected that a key economic asset could fall 50% in value back on 3/18, due to 20-year channel resistance and 75% bulls. (see post here) Lumber was trading at $385 at the time, today lumber is limit down trading at $287, losing 25% of its...
by Chris Kimble | May 15, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Lumber has traded within a falling channel for the past 20-years. When lumber has hit the bottom of the channel, stocks have followed to the tune of 100% rallies twice. The key to this pattern is when Lumber is at the top of the channel...
