Stock Market & Economic Analysis - Unbiased, Objective, and Slightly Rebellious

May
15

No Confidence From Builders

By Chuck
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MAY NAHB HOUSING MARKET INDEX: 19 V 20EI like this graph (Calculated Risk) showing the negative trend going on: Recession VS. National Housing Market Index Graph

Market internals continue to show volume weakness.  It almost looks like a holiday week, as far as volume.  Did everybody pack up and go to the Hamptons already?

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