Wait for Long-Term Buy Triggers in Housing

The XHB is currently below monthly support. On the daily and weekly charts, the trend is down. However, this is a market for long-term investors.

Use bullish momentum divergence triggers for entry points. Await buy triggers. We believe significant opportunities for buying will soon be presenting themselves.

Metals & Energy: Momentum Divergence Methods

Use Momentum Divergence to time entry into precious metals. GDXJ, for example, shows a new low in price without a new low in momentum. This gives us our divergence trigger point.

Likewise, check COP in the energy sector. The symbol is about to trigger a buy. Use these trigger points for bullish entry in these two markets.

Chimpcast: Glass Half Empty or Half Full?

The S&P downtrend remains in effect, with prices currently approaching resistance. As an investor, continue to look at the monthly chart, where bargains abound.

Market sentiment remains extremely low, and we continue to advise against catching the falling knife, as explosive moves up are likely when the turnaround comes.