PHLX Housing Sector Index in Slowing Shadow…

 

PHLX Housing Sector Index –  Today on ATA Research Radar 

after

29.04.2019  –  Philadelphia Semiconductor Index – Cheap Chips …!!???

 

ATA Following …

12.01.2019 –  GLOBAL EQUITIES PATHFINDER – DJIA Year after the Peak…

&

14.01.2019 –  NASDAQ – V CORRECTION – from Dynamic Risk Off to Dynamic Risk On…

with

18.04.2019 –  LUMBER Futures – Secular View – Back Deeper into the Market Woods…

 

US HOUSE SECTOR

 

PHLX Housing Sector Index  LONG TERM  SITUATION 

ATA MARKET MODEL  IN LONG TERM ACTION  

 

First…Market Motives :

US & Global Slowdown or Recession Mainstream Projections 

vs

US GDP Annualised (Q/Q) Q1 3.2%

(exp 2.3%; prev 2.2%)

&

FED Policy & Powell Speeches

with

DJIA Testing  All Time Highs Zone 

Nasdaq –  New All Time High  – Yesterday

vs

Nasdaq 100 – No New All Time High – Yesterday

&

PHLX Housing Sector Index  – No New All Time High 

Last Record – 01.2018  in  370 Zone

(Max 369.15) 

 

Second…Market Technical Patterns :

Monthly View 

first of all

Long Term Bullish Trendline

starts from  2013  year

&

Inverted Ending Diagonal Pattern 

starts from 2013 year

with

Shooting Star Candlestick Pattern 

All Time Top in 370  Zone – January 2018 

&

Main Top Zone –  July 2005

with

Present Psychological Key Level

300  

 

Main Resistance Zone

330  – Inverted Ending Diagonal Pattern

370   Zone   –  All Time Top

Main Support Zone

300   –  Main Top Zone –  July 2005

255 – 250   – Inverted Ending Diagonal Pattern

with

MACD Monthly 

Active Sell Signal  &  Negative Divergence 

 

ATA Investment Conclusion

 Bullish Wave  dominates

but with

Inverted Ending Diagonal Pattern Risk 

so

Special Focus on

PHLX Housing Sector Index Smart Money Battlefield  

300  vs  330  

SM Reaction on 

EOM – April

 

always remember

Chart is More Important than 1000 Words…

&

Most Important s Final Smart money Reaction…

EOM – April 

 

 

PHLX Housing Sector Index  Monthly Chart :

29.04.2019

Housing Index - M - log

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