Don't Ignore This Chart!

Lumber Futures Surge along with Home Construction ETF

Arthur Hill

Arthur Hill

Chief Technical Strategist, TrendInvestorPro.com

Even though the match is not perfect, there is clearly a positive relationship between Lumber Futures ($LUMBER) and the Home Construction iShares (ITB). Notice that both have been trending higher since November 2011 and both recently recorded new highs.

120815lumber
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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More