Leverage. It's a beautiful thing. There is not much to say about this one, the chart speaks for itself. Brief Disclaimer: this chart has evaded me - I personally think it should have corrected awhile ago (see grey arrows). Nonetheless, I never bought it... WHY?: The economy is now well into a recession (has been for at least a year). For whatever reason this...
Building your new home is exciting, especially when you understand how the process works. It’s understandable that buyers are excited to see their new home built from start to finish says Chip Perschino, senior vice president of construction at Edward Andrew Homes. “Our homeowners enjoy watching the home come together, from pouring the foundation to framing and...
This could be a leading indicator for what is to come. Let's keep an eye on it. We do have a bearish divergence on the monthly RSI. It also is happening on the weekly as well. It is to early to tell what direction it will go. We should expect a strong bounce from here and see where it goes. Best regards.
The home builders sector has a very nice correction I would be LONG calls in the sector NOW this is the last wave up use it also to sell into a new high all long term holdings as I will discuss near the 5th wave top
Macro Monday SPDR Home builders ETF (XHB) This equal weighted index tracks 35 holdings of the homebuilders segment of the S&P Total Market Index (TMI) and is spread across large, mid and small cap stocks. These comprise of the Homebuilding sub-industry, and may include exposure to the Building Products, Home Furnishings, Home Improvement Retail, Home furnishing...
Not sure what NYSE:BRK.A NYSE:BRK.B is thinking, Warren Buffet. Is he expecting a huge demand for NEW HOMES? There was increase in demand after large drop. Maybe thinking that the Fed reduces #interestrates after things begin to crack, more? TVC:TNX has been pumping (10 Yr), no signs of weakness. They've all had huge runs NYSE:DHI NYSE:NVR NYSE:LEN.B...
“Inequality can be done away with only by establishing a new society, where men and women will enjoy equal rights, resulting from an upheaval in the means of production and in all social relations. Thus, the status of women will improve only with the elimination of the system that exploits them.” Lumber Liquidators looks good for a reversal. Small share...
NAIL- is an ETF of Homebuilders; It is 3X leveraged. Price is up over 30% in the first two weeks \ of June. It is shown here on the 30-minute chart with the "Market Bias" indicator which shows uptrends in green and pull-back zones in gray. Presently, price is pulling back - when the gray colored trend indicator changes back to green, an optimal entry can be...
Timing is everything, know your objectives first. Market acts we trade the reaction. Close above on a weekly basis stop out.
AMEX:XHB US housing market, a key contributor to US economic growth via the wealth effect that will trickle down to consumer spending & confidence. We can decipher its impact on the overall stock mkt via sentiment/technical analysis on2/2 The recent rally of the $XHB from 19 Oct 22 low to 22 Nov 22 has been accompanied by declining volume & underperformance...
Green Brick Partners, Inc. Consumer Cyclical Residential Construction Green Brick Partners, Inc. operates as a homebuilding and land development company in the United States. - High volume in stock - Crossed 200 EMA - Next earnings date - 3 Aug 2022
Just as the real estate sector, expect homebuilders continue to correct the same. Nice pull back for a wave 2 will present a amazing opportunity as we move forward in the decade. Inventory is very low which is good since rates are moving higher.
iShares U.S. Home Construction ETF ( AMEX:ITB ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $-- Current Price: $60.52 Breakout price: $61.00 Buy Zone (Top/Bottom Range): $59.80-$54.00 Price Target: $67.40-$68.80 Estimated Duration to Target: 138-145d Contract of Interest: $ITB 10/21/22 60c Trade price as of publish date: $5.80/contract
Lennar Corporation ( NYSE:LEN ) Sector: Consumer Durable (Homebuilding) Market Capitalization: 23.216B Current Price: $80.19 Breakout price: $81.10 Buy Zone (Top/Bottom Range): $79.55-$69.45 Price Target: $99.10-$102.40 Estimated Duration to Target: 237-240d Contract of Interest: $LEN 1/20/23 85c Trade price as of publish date: $8.50/contract
Economic Data coming out next week for new home builds and sales. I believe these numbers will be very week which should push those housing sensitive names lower. I believe this stock is a prime candidate for a major drop as we are seeing the price come up to test that 50 day moving average.
SPDR Series Trust Homebuilders ETF ( AMEX:XHB ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $-- Current Price: $61.34 Breakdown price: $60.00 Sell Zone (Top/Bottom Range): $61.40-$68.80 (1st) Price Target: $51.40-$49.40 (1st) Estimated Duration to Target: 107-110d (1st) Contract of Interest: $XHB 9/16/22 60p Trade price as of...
If HD can hold the 300 level again it can bounce back into 309. Puts under 300 can work for a move down into 292, 285. Trade Idea: 290P 4/9/22 under 300.
I bought NAIL in the pullback this morning as I believe this is a retest of the breakout in the downtrend. The daily indicators also look strong right now. I'm keeping a stop just below the previous lows at 62.94 since if this is a bull trend now, it shouldn't break that support. I believe around a 30% gain is possible in this breakout if you can be patient. Good luck!