Construction Isn’t Getting Cheaper

Construction Isn’t Getting Cheaper

The front month lumber futures contract may have fallen from the May 10th highs by 66.4% to date…but the 20-city average price of particle board has barely come down and… also there has been zero pull back in the ENR Materials Cost Index.
So Far Only A Flesh Wound

So Far Only A Flesh Wound

So far only a flesh wound, bouncing off 240-minute Cloud support, but nary a turn in the momentum oscillators yet. The current price action deserves close attention
S&P 500 Index

S&P 500 Index

Continued non-confirmation of the weekly record closing highs in the SPX Index by the “TER” remains troublesome. “TER” is the total objective technical ranking of the 30 ETFs we track 0 through 50 in the US Index and Sector ETF Study....