Tag Archives: 2012 bullish

Positive Housing Numbers Provide Perspective

With positive news regarding U.S. residential construction numbers, stock-index futures reacted bullishly today. The Existing Home Sales report created quite a bullish move of about 5 points on the ES (E-Mini S&P). This large move occurred near the 10:00 a.m. mark when the report was announced. See the chart below. According to U.S. Commerce Department […]