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%...
Home Depot(The Daily Chart)

Home Depot(The Daily Chart)

HD closed out the week with a 4% gain.  The stock is up 10% from the May lows.  The drop in rates over the last three weeks has given the housing related stocks a nice jolt.  We believe HD is on the verge of a breakout.  The stock is bumping up against an overhead...
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...
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...