By 3rd week of july , DHI will rebound back to 200dma.
More up momentum will occur in weeks 2-4 in April, May, and Jun. Then roll over in Q3 and Q4…
Fed drops rates in June.

By 3rd week of july , DHI will rebound back to 200dma.
More up momentum will occur in weeks 2-4 in April, May, and Jun. Then roll over in Q3 and Q4…
Fed drops rates in June.

First, units under construction in decline…

Second, employee growth the lowest since covid and 2019…
the last year…

the last 10 years…

Homebulding stock in bear market for 3 months now…NOW down YoY -2%

AND apartments/condos down even more…

down this year again after 2023 and 2024

Margin debt near all time high…at least 50% more than 2007 peak…

Exponential regression to trend puts S&P at 2100 but by end 2026 SPY 240.



SPY slope…what is spy at by end of March?
4 wkma 2.33 per week…mar 31 …620
12 wkma 1.20 per week …..mar 31 607
Between two…613.3 or 4.7% or 1/2 the rate of last year (10.4%).
IWM stalling…much weaker than last year.

teck, the leading coal producer, now shows future energy demand falling.
-18% off high price in September.
12 week has crossed the 100 week. 100 week slope leveled.

OEX now back to 12wkma…getting ready for next down move.
Long term slope down -3.6 OR -1.4 points per month.

MBB has nice 5wk uptrend
