This article is part of the series

Solid Jobs Data May Foreshadow Upbeat Housing Developments

By The Chartman FOXBusiness

Wow, what a surprising week: while I thought there was a chance the market would rally back to resistance, I never thought it would keep going all the way to previous resistance!

Continue Reading Below

But, it’s been that kind of year, where the unexpected is to be expected.  What’s next?  After a 785 point move, the Dow needs a rest.  Of course, that’s the expected move, so who knows!

With Friday’s employment report being fairly positive, there is now talk the housing market might also get a bang.  As a homeowner, I sure hope so.  But, let’s see what two complementary charts say.

The first is Toll Brothers (TOL) and it’s getting more positive, but I’d wait a bit.

Continue Reading Below

On the other hand, I love Home Depot (HD).  A super breakout and I think it’ll head higher.

Have a good week and let’s hope the market puts more points in above 12,000.

What do you think?

Click the button below to comment on this article.