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 | Sep 11, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Almost four years ago the Power of the Pattern shared that a falling resistance line breakout would be good for home builders ETF XHB (see post here). Since the posting XHB is up almost 100%. Despite the S&P 500 doing well since...
by Chris Kimble | Jul 17, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Real Estate ETF (IYR) is up almost three times as much as the S&P 500 Year-to-date. This rally has taken IYR up to a falling resistance line, drawn off the 2006 highs. The DJ Home Construction Index is rather soft today...
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 | Feb 7, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE Its’ been a rough few months for Real Estate; from May of 2013 to the first of this year, Real Estate ETF IYR fell over 15%. This decline took IYR to the bottom of its rising channel and momentum became over sold. Members...
by Chris Kimble | Jan 8, 2014 | Global Dashboard, Kimble Charting
The Power of the Pattern suggested interest rates were about to blast off in May of last year (See post here) Since that post the yield on the 10-year note is up 80%! Below is the performance of interest sensitive assets & the S&P 500 since that...
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...