Housing Sector....Can We Still Expect Downside ???

HGX is the Philidelphia Housing Index, an aggregate of Housing related companies' health. This index tracks companies such as Tol Brothers, LEN, etc...

Based on what is shown on the Monthly Chart, it is clear in hindsight that this index gave indications of the housing problems way in advance before the US Indexes started collapsing last Dec07.

It is worthwhile to periodically follow the chart pattern of HGX in order to gauge when the housing sector will start showing signs of recovery...

HGX - Monthly Bar Chart