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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...