I mentioned homebuilders as great short-sales two or three billion times. You can see how this is going:
Homewreckers
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Home Death Home
I’d say that Slope’s bearish disposition toward all things related to housing has worked out sensationally well, with IYR being one of the greatest charts of all time!
The American Dream
Here’s an interesting look at housing affordability. And, hey, the Bay Area scored two mentions!
IYR Marches On
It seems like we’ve been talking about the IYR analog since John Kennedy was in office. This thing moves so damn slowly. The flip side is that if the pattern does complete, the move will likewise be powerful and persistent.
As a reminder, the “analog” actually doesn’t exist anymore, but only because the recent topping pattern is so much better than what took place pre-Covid. The trio of exponential moving averages is definitely behaving itself properly.
Real Slippage
Well, this morning is a disappointment so far. The surprise news from MIcrosoft briefly took the market down hard, but as I’m typing this, every single stock futures contract is in the green. Feh!
The real estate fund IYR is down, however, in spite of the rally, and it remains one of the cleanest topping patterns in ETF-land.
