Posted by matt on 12th of Jun 2021 at 03:59 pm

    $LUMBER - Chart Link - has cost of lumber come down any for like buying wood for a deck at HD, Lowes, other places?  

    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 though

    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

    Posted by timebandit on 12th of Jun 2021 at 05:29 pm

    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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