ALERT: Leading indicators breaking support

Sharing is Caring!

by Kimble Charting


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 outperform the broad market to the upside, they actually were leading indicators of good things to come as they started pushing sharply higher “before” the S&P!

Joe Friday Just The Facts– Both of these leaders are breaking rising support at each (1), which could be sending an important message to the broad markets.

See also  Nancy Pelosi Urges Support of $50 BILLION CHIPS Bill Hours After Disclosing $8 Million Nvidia Stake
See also  Red alert: Military chief Gen. Mark Milley says China has become 'increasingly and noticeably more aggressive' to U.S. and allies during trip to Indo-Pacific

Views: 0

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.