This column was originally published on RealMoney on Aug. 10 at 8:30 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.
Is the housing boom over?
Or, more precisely, is the housing-stock boom over?
I bring this up because while I was away last week, I noticed stocks like
took a major hit.
Of course, these stocks have all slumped before, but not with the kind of "please short me" look that they had a few days ago.
In fact, given the setup these charts have, I'd sell any long position pronto.
Nasdaq Composite Index
Sirius Satellite Radio
And that is the final word from the Pumpkin Ridge halfway house, where maybe I'm the first to notice, but those bags of "trail mix" they sell are loaded with calories.
My thought process was always "good for you = low calories," but going through a bag of that stuff is like having the six-pack special from Cinnabon!
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Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.
Smith writes a daily technical analysis column for RealMoney.com and also produces a daily premium product for TheStreet.com called The Chartman's Top Stocks --
click here for a free two-week trial. While Gary cannot provide investment advice or recommendations, he appreciates your feedback;
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