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New Home Sales Fell 8.1% in October

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In Brief...

For the 10-Year yield my annual value level is 2.999 with a annual pivot at 2.813, and quarterly and semiannual risky levels at 2.265 and 2.249. Gold remains above its 50-day simple moving average at $1345.8. The euro is below its 200-day simple moving average at 1.3129.. The Dow is below its 50-day simple moving average at 11,063.. New Home Sales Fell 8.1% in October - According to the Commerce Department New Home Sales fell 8.1% in October to a 283,000 annual rate, and sales are down 28.5% year over year. New homes are under downward price pressures with the median price dropping a record 13.9% in October to the lowest level since October 2003.

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