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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 665.67

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Nov 17 4:00 PM EST

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To: Johnny Canuck who wrote (43311)	5/17/2006 3:47:37 AM
From: Johnny Canuck	Read Replies (1) of 68076

Housing starts drop to lowest in 17 months May 17, 2006. 01:00 AM Builders in the U.S. broke ground on the fewest homes in 17 months in April as higher mortgage rates sapped demand, a government report showed. Housing starts fell 7.4 per cent, more than economists expected and the third straight drop, to an annual rate of 1.849 million from 1.996 million. Building permits, fell 5.4 per cent to an annual rate of 1.984 million, the U.S. Commerce Department said yesterday. Builders are trimming sales forecasts as inventories of unsold homes swell. House construction, a source of strength for the economy for five years, will limit future growth as it slows, economists said.

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