You know how D4rkEnergY is here to help you! That's his mission - he is here to make everyone happy. He will warn you about buying your dream home now. Here is why!
XHB index, the Homebuilder Index, is where we want to look if we want to get an idea about the real estate market in US. It's a really good leading indicator, and are composed of sectors like: homebuilding, construction supply, home improvement, electrical components and home furnishing etc.
It predicted the market crash in 2007-2008 - notice how the index already crashed in 2006 before the real crash happened. Also notice how 2018 has been a huge bloodbath. This could very well be a sign of an coming crash, IF we continue down.
And down we will go - most likely. We already survived one Head and Shoulder pattern due to help from the EMA50. But we are now below this critical area, and the EMA now working against us as resistance.
So here is D4rkEnergYs advice to you:
Don't buy a house now - wait a year or 2 and you can get your dream home on sale!
@StephySanrio, he's right. That's a hidden bull to make the predicted R shoulder
dipbuy007
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Bump! Nice. Following!
Eaglefalcon1
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I had a boat load of money (thanks option trading) but now the darkforce has spoken..will wait to scoop em up @ dirt cheap. They will thank us for that...but who pulled the rug from under the foot
WorldEconomics
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0% interest for 8 years. Sub-prime spikes. Renamed Synthetic CDOs. Of course there is a massive Real Estate Bubble. Homebuilders are offering massive incentives to home buyers... at 2% interest. If at 2% interest things are already coming down, then you know the whole system is weak. There is no way it can endure 5% like in 2007. ARMs are already failing, credit card defaults are going up. Auto-loan delinquencies are higher than in 2008-10. Corporate debt is $9-Trillion vs $5.4-Trillion in 2009. These are the facts.