Daily Video Update: Who wants to buy a home?

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Wednesday, the 19th of September.

The housing data released Wednesday morning showed an improving real-estate market. Construction of new U.S. homes rose 2.3% in August. Sales of previously occupied homes rose 7.8% in August from July to a seasonally adjusted annual rate of 4.82 million, the National Association of Realtors said Wednesday. That's the highest level since May 2010, when sales were aided by a federal home-buying tax credit.

Crude Oil on the other hand is down $3 a barrel today on rising inventories. Did MarketClub's Trade Triangles get you on the right side of this move? We'll take a look.

Now, let’s go to the charts and our Trade Triangles and see what’s happening. Click Here to view today's video

Every Success,
Jeremy Lutz

One thought on “Daily Video Update: Who wants to buy a home?”

  1. I understand your 1550 target for S&P, but when you span out to say 5 years, the DOW & S&P have lower highs on the MACD as well as a declining volume. Traders can chase the market up, but is there a cat hanging on to the bag with only one or two nails left?

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