3309 Drysdale Ct
Edwardsville, IL 62025
$LUMBER - Chart Link - has cost of lumber
come down any for like buying wood for a deck at HD, Lowes, other
Lumber continues futures have had a healthy pullback from the
parabolic move into early May. Just wondering if prices have
started to percolate down some at the stores or not? I know there's
going to be a big lag from futures to actual product in the store
otherwise for the 'bulls' this could simply be an ABC pullback
that is nearing support again.
Or for the bears, that parabolic move into early May generally
signals a much longer consolidation phase
I follow @leadlagreport on Twitter . His 2015 white paper,
Lumber Worth Its Weight in Gold, has some interesting studies
in it regarding the $Lumber:$Gold ratio. It's geared more toward
portfolio management than trading, but one could still incorporate
the approach into the context of his or her trading strategy.
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