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Two Ways To Play: Housing Prices Still Under Pressure


Strengthen your portfolio in good times and bad.

Housing Data Due Today

The S&P/Case-Shiller home-price indexes for October are due out today at 9 a.m. EST. Economists are expecting the index that tracks prices of the 20 major metropolitan areas in the US to fall 7.7% from a year ago. According to the Wall Street Journal, that would mark the smallest year-over-year decline since November 2007. Still, it would leave prices lower than September ending a consecutive four-month improvement.

For more views on the economy, see Dawn of the Decade: Tells to Watch in 2010.

From the Bull Pen: Should the 20-city index come in lower than expected, it could signal more government stimulus ahead. In that case, international plays would continue to outperform. Fluor (FLR) breaking the downtrend has a nice setup. Those bullish can set a 2% sell stop below entry.

From the Bear Cave: Bears looking at the Real Estate ETF (IYR) might want to wait for the bearish price flip (using DeMark Indicators) which would occur should the stock close below the close four bars earlier. Remember to use buy-stop protection if and when that setup occurs.

For more ways to play and other trading ideas from more than 30 top market pros, take a free trial to our Buzz & Banter.

A Quick Check Around the World

Asian trading closed with the Nikkei 0.04%, India 0.57%, Hang Seng 0.09%, Shanghai 0.72%, and Taiwan -0.05%.

Across the pond, we see the FTSE 0.53%, CAC 0.30%, and DAX 0.09%

As of 8:10 a.m. EST, S&P Futures are trading +3.75 to 1126.75. NASDAQ futures are +4.50 to 1879.

A Look at Commodities

Over in commodities, crude oil is -0.13 to 78.65 while gold is -0.40 to 1107.40 this morning. Silver is -0.075 17.485 and copper -0.0255 to 3.3110.

The dollar Index is -0.26 to 77.755.

On the Radar


09:00 CaseShiller 20 City -7.30% cons.
10:00 Consumer Confidence 53.0 cons.

Click here for the full trading radar.

Good luck today!
No positions in stocks mentioned.

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