BEARISH MINCP STOCKS
           11/11/2013


   Housing stocks are starting to appear here in bigger numbers
   than might be expected of any group.  This is bearish for them
   and a warning that interest rates will probably be going higher
   next year.
LEN.BMP (1920054 bytes)
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DHI.BMP (1920054 bytes)
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KBH.BMP (1920054 bytes)
 IRDM.BMP (1920054 bytes)
 NTWK.BMP (1920054 bytes)
 IDCC.BMP (1920054 bytes)
 UNXL.BMP (1920054 bytes)
   BBRY.BMP (1920054 bytes)
                          Emerging Markets; Bond ETFDZNEMB.BMP (1920054 bytes)
DNCH.BMP (1920054 bytes)
dnIRDM.BMP (1920054 bytes)
   dnNTWK.BMP (1920054 bytes)