On this quiet Sunday, before what promises to be another dynamic trading week, let’s look at a few real-estate oriented ETFs. Starting off, we have the SPDR Homebuilders, which has been carving out a series of lower highs recently. As long as it stays beneath 42.86, this is still a clean downward pattern (we even “teased” a break of the topping pattern already).
I see that the brief recess we got from braggadocio is gone. Not only that, but he explicitly mentioned the stock market again as evidence of how great things are. So, yeah, our time machine back to January 26 apparently works!