In the News
We have a short week to end 2021. Nothing crazy. Get a look at some housing numbers. Here is what’s coming up -
Tuesday
- US home price index (YOY)
Wednesday
- Pending home sales
Thursday
- Initial and continuing jobless claims
Chart Check
We are continuing through our wedge. This looks like a bullish wedge pattern, which will be good for rates in the short term. Either way, once we reach the vertex, we will have a breakout soon thereafter.
Something interesting to note is that it looks like we have a bottoming out of the 50-day moving average (black line). Remember, it confirms a bull market when the 50 DMA crosses above the 200 DMA. I’ll be keeping a close eye on this as it finally seems we may have some activity in our favor.
I hope everyone has had a wonderful holiday season so far and is gearing up for a fun, safe New Year.
As always, please feel free to reach out anytime. I’m always here to help!
That’s it for me now, see you in 2022!
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