$XHB Housing Market Not Looking BullishMassive 06' double top and a clear channel breakdown. Not bullish.
XHB trade ideas
XHB losing streak over?Perhaps a candidate for a long strangle, but my prediction is that we bounce off this level for a few days and then go lower.
XHB - HomebuildersGetting long homebuilders here at support.
-1 Sep21 $39 put for $.84 cr.
Risk: 2x cr received or I'll continue holding and rolling.
Profit: 50% cr received or continue to roll.
Notional Value: $3900/contract
$XHB $NAIL recoveringHome builders looking better, would like to see a move over the horizontal trendline.
Housing best in spring Housing spring cleanup? Possible 3 drives. LEN and DHI top holdings. Volume shows mark up coming.
HomebuilderLooks like an inverted head and shoulders forming along with a nice bullish divergence in RSI. Buy
Home Builders to OutperformLooking like Home Builders about to continue to new highs. Earnings season is heating up.
XHB and home builders weakHome builders are weak. BZH PHM TOL KBH all down considerably Friday. Short the ETF to get them all. Upper trendline safe short spot, break below 34 and there is a solid move down to 33.47 and below. Playing via puts.
XHB looks domeyIt's a probability for the next year(s), especially given the high exuberance of the market(s) right now. But definitely something to watch. Who knows, it might break the dome like SPY/SPX did.
No touch yet for me until good direction is given.
XHB failed 200, more downside potentialXHB failed the 200 sma today. It also broke the consolidation area. The measured move is a continuation pattern that could bring it to about the 32 area. Long 33 puts
XHB Double Bottom/Channel Setting Up$XHB looking like a large double bottom formation. See if it breaks neckline over next few months for confirmation.
