Keep An Eye On The Homebuilders

Keep An Eye On The Homebuilders

The recent drop in rates has given the home construction sector quite a boost.  The XHB(S&P Homebuilders Index) is beginning to break free of a month long consolidation pattern(Bull Flag).  The 200 day moving average has held of the lows of this orderly pullback...
Home Depot Hammered

Home Depot Hammered

Shares of Home Depot are under heavy pressure this morning.  The stock is off over 3% following this morning’s Q3 earnings report.  Despite solid results, increased guidance and an upgrade from Oppenheimer, $HD opened the session with a gap lower open.  It was...
Three On The Radar Screen

Three On The Radar Screen

Pullbacks create opportunity.  As the new week begins stocks are broadly weaker.  Here’s a trio we believe are beginning to look attractive.  Home Depot(HD): Home Depot has had a great run since basing near its 200 day moving average in early April.  At last...