| Prior | Consensus | Consensus Range | Actual | |
| 20-city, SA - M/M | -0.6 % | -0.4 % | -1.1 % to 0.0 % | -0.7 % |
| 20-city, NSA - M/M | -1.2 % | -1.3 % | ||
| 20-city, NSA - Yr/Yr | -3.4 % | -3.7 % |
As you can see the CS Home Price Index has missed again, this is the 7th decline in a row. Of 20 cities, all but 3 contracted. The composite index is now at the same levels seen in February of 2003.
David Blitzer, chairman of the index committee at Standard & Poor's, said in a statement. "The trend is down and there are few, if any, signs in the numbers that a turning point is close at hand."
So is SRS finally worth a trade? It's kind of unreal that this ETF has done so poorly considering the environment.
The red arrow is the pivot, the next day is the siganl candle with a long at a break of that day's highs which came yesterday. A stop can be placed below the pivot lows around $32.00 (I'd use $31.90).
I think SRS may be worth a shot here, I would initially treat it as a swing trade and let the market tell you where it is going, if it offers more then a swing trade, a trailing stop can be put in place.
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