• Housing Stocks Have Entered Bear Market Territory

    2 monthes ago - By ETF Daily News

    From Dana Lyons : Housing stocks are down nearly 20% since our warning near the highs in January.
    Back in January , we noted that one sector that had been on fire - housing stocks - was potentially at risk of cooling off. At least, that was our read on the group based on the chart of the PHLX Housing Sector Index. The HGX, at the time, had jumped more than 20% since breaking above its previous all-time high in late September. That high was set in 2005 near the 294 level. However, as we highlighted in the January post, the HGX had found its way up to 2 key Fibonacci Extensions near the...
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