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[3xBuBu]

Weighing on sentiment were a trio of weak economic data points. The S&P/Case-Shiller index of home prices in 20 cities fell 3.6% in March compared with a year earlier, marking "the confirmation of a double-dip in home prices across much of the nation," according to S&P.

Manufacturing activity in the Chicago area fell unexpectedly to its lowest level since November 2009, while consumer confidence also registered a surprise decline. An assessment of manufacturing activity in its region by the Federal Reserve Bank of Dallas was also sharply lower than expected.

"The news continues to show an economy that is mediocre when you look at consumer confidence or housing prices, this is an economy that is boosted out of recession by lower interest rates and pushed into the housing market," said Barbara Marcin, Portfolio Manager of the Gabelli Blue Chip Fund. But with investors looking again to the Federal Reserve for help in juicing the economy, "good news is good news and bad news is even better news," Ms. Marcin said.

http://online.wsj.com/article/BT-CO-20110531-709752.html

wonder why IYR still look so strong?! double top or breaking out?!
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