Seeking Alpha

InTheMoneyStocks'  Instablog

InTheMoneyStocks
Send Message
InTheMoneyStocks.com is a proprietary research, consulting and investment alerts company focused on guiding investors, swing traders and day traders to financial success. Their PPT Methodology is a proprietary blend of price, pattern and time discoveries that has helped produce 216.37% net... More
My company:
InTheMoneyStocks.com
My blog:
Rant & Rave - Pro Traders Blog
  • Higher Bond Yields Punish Housing Stocks Again 0 comments
    Aug 13, 2013 11:31 AM

    One of the most important charts that any trader can follow at this stage of the game is the chart of the 10-year U.S. Treasury yield. Today, the yield on the 10-year U.S. Treasury Note is 2.71 percent. Higher bond yields have adversely affected the most housing stocks, commercial real estate stocks, mortgage REITS, and utility stocks.

    The housing stocks are the most obvious industry group that is coming under selling pressure when interest rates rise. Leading housing stocks such as Lennar Corp. (NYSE:LEN), KB Home (NYSE:KBH), Toll Brothers Inc. (NYSE:TOL), and others in the sector are all trading sharply lower on the session. Traders that would like to follow the entire home builder sector can follow the iShares Dow Jones US Home Construction ETF (NYSERACA:ITB). Short term day traders should watch for intra-day support on the ITB around the $20.65 level.

    Nicholas Santiago
    InTheMoneyStocks.com

    (click to enlarge)

Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.