Homebuilders?

Homebuilders?

Is this sector heading for a breakout? Home Depot is ramping today(+4.5%/earnings), the stock’s best gain of 2019. A close above $219.30 would put the stock in record high territory. Top competitor LOW reports tonight. Ahead of the news the stock is up 3.5%...
Retail Sales And Mortgage Rates

Retail Sales And Mortgage Rates

Last week 30 and 15 year US mortgage rates dipped to their lowest levels in 20 months(3.82%/3.26% respectively). Also last week, US Retail Sales hit a new high, up 3.1% over the last year. Correlation? Hat tip Charlie Bilello
XHB(Homebuilders) Update

XHB(Homebuilders) Update

The XHB(S&P Homebuilders ETF) has remained in a tight range since its powerful Feb. 12th breakout.  During this consolidation the index has held a very solid support zone near its 200 day moving average.  Following the Fed’s more  dovish turn this week the...