This week, we will examine three different companies of whom are benefiting from a low interest rate environment. Many leading stocks in the home-builder and home improvement sectors have soared in 2012 as the 10 year bond yield has declined below 2.00 percent. Last week, the 30 year mortgage rate fell to 3.79 percent which is an all time low. Unlike in 2005, home prices are currently at depressed levels, falling 35 percent from the 2006 peak. Therefore, the ability to obtain a…Continue
Added by Bryan Leighton on May 7, 2012 at 11:10am — No Comments
The two leading home improvement retail stocks are finally retreating today. The Home Depot Inc (NYSE:HD) and Lowe's Companies Inc (NYSE:LOW) are trading slightly lower on the session after making new 52 week highs yesterday. Both of these stocks remain above the daily chart 50, and 200 moving averages which indicate a strong technical chart position. This small pullback should not be viewed as anything serious at this time.
Short term traders should watch for…
Added by Bryan Leighton on April 17, 2012 at 10:45am — No Comments
The retail sector has been extremely strong since late December 2011. The Market Vectors Retail ETF (NYSEARCA:RTH) has surged higher by more than $4.00 since that time. This morning, the RTH is declining lower by just 0.08 cents to $41.23 a share. Short term traders should watch for intra-day support around the $41.00, and $40.50 levels. The uptrend on the daily chart remains intact for the RTH at this time.
Some leading retail stocks that are trading lower…
Added by Bryan Leighton on March 15, 2012 at 10:58am — No Comments
This morning, the retail sector is showing some strength. The popular Market Vectors Retail ETF (NYSEARCA:RTH) is trading higher by 0.06 cents to $39.50 a share. Traders can watch for intra-day resistance around the $39.58, and $39.70 levels. The daily chart remains strong and in an uptrend at this time. When the retail stocks hold up and trade higher this is a sign of consumer spending. It is important to note that consumer spending accounts for roughly 70.0 percent of the gross…Continue
Added by Bryan Leighton on February 16, 2012 at 10:44am — No Comments
Lowe's Companies, Inc. (NYSE:LOW) has made a major move on the daily chart into a double top from 2011. This level should be significant resistance and a good shorting opportunity. The double top level is at $27.50. The stock made a low in August 2011 at $18.07. Since then, it has jumped 50%. A pull back is likely at this double top.
Added by Bryan Leighton on January 18, 2012 at 12:04pm — No Comments
Since October 4, 2011 the SPDR S&P Home-builders ETF (NYSEARCA:XHB) has surged sharply higher by more than $6.00 a share. This morning, the XHB is trading higher by 0.24 cents to $18.59 a share. While this rally in the XHB has been nothing short of sensational it is now starting to look overbought and extended. As long as the overall volume remains light the XHB may move a little higher, however, there should be very good short term daily chart resistance around the $19.00 area.…Continue
Added by Bryan Leighton on January 11, 2012 at 11:19am — No Comments
This afternoon, the major stock market indexes are all declining sharply lower. Many of the leading stock sectors are all under selling pressure. The retail stocks are also trading lower this afternoon, however, they are holding up better than many of the other leading stock indexes. Many traders and investors will trade the Retail Holders Trust (NYSE:RTH). This popular ETF is trading lower by $1.07 to $111.80 a share. This decline in the RTH is around 1.0 percent which is much better…Continue
Added by Bryan Leighton on December 12, 2011 at 3:58pm — No Comments
This morning, the leading retail stocks are trading higher. The important and highly traded Retail Holder Trust (NYSEARCA:RTH) is trading higher by $1.22 to $109.84 a share. This is a very solid move for the RTH. Traders should watch for intra-day resistance around the $110.00, and $110.50 levels. When the retail sector is rallying it is usually a sign that the U.S. Consumer is spending money. Consumer spending accounts for approximately 70.0 percent of the gross domestic product (GDP)…Continue
Added by Bryan Leighton on November 29, 2011 at 11:09am — No Comments
Added by Bryan Leighton on October 7, 2011 at 11:04am — No Comments
Added by Bryan Leighton on July 26, 2011 at 10:36am — No Comments