Homebuilders Heading Higher?

Homebuilders Heading Higher?

The XHB(Homebuilders ETF) is extending last week’s breakout.  One week ago the index posted its best gain(+3.5%) since the powerful Dec. 26th reversal.  This impressive move drove the XHB well past both its 200 day and 40 week moving averages.  This week the...
Toll Brothers Builds a Foundation

Toll Brothers Builds a Foundation

Toll Brothers has had a very rough go this year.  At last month’s low the stock had fallen nearly 35% from the January highs.  In late June TOL appeared to have reached a significant low as the 40 week moving average came into play.  As the month dragged on...
Lennar Breakout?

Lennar Breakout?

The homebuilders are doing quite well this morning.  DHI(D.R. Horton), PHM(Pulte Homes) and TOL(Toll Brothers)are all up over 2%.  LEN(Lennar Corp), the biggest in the sector, is heading for its best close since mid April.  While there are still quite a few hurdles...