In honor of Black Friday, we thought we would look at how the North American retailers look from a technical perspective using our relative point and figure charts. Once again, our box size is 2.5% relative performance and all charts have four years worth of history.
US new home sales underwhelmed again in October. The latest data point came in at 458K SAAR versus consensus of 470K. What really caught are eye was the volatile increase in average and median prices. The average sales price spiked by nearly 28% month-over-month, easily to an all-time high for this series.
NYSE margin debt declined by a little more than $10 billion in October. In 2012 and 2013, there were only three months that saw margin debt decline. So far in 2014, there have been four months. In 2011, there were six months with declining margin debt.