DHI time to build exposure to this sector?Move up on implied sentiment due to LEN results. Breakout trade. Through 200MA and then a bought call potentialLongby mikeffi1
The U.S. Economy House Of Cards, D.R. Horton, Inc. (NYSE:DHI)If anyone needed proof that there was a disconnect between Wall St. and Main St. then look no further than the housing stocks, in particular D.R. Horton, Inc. (NYSE:DHI). The stock plummeted an eye popping 11.5% in a single day, and basically took down the entire sector. The results were disappointing to investors to say the least, as U.S. sales of newly built houses dropped 8.1 percent in June to a 406,000. So what happened to this "recovery" that we all keep hearing about? The broader markets are continuing to post new all time high after new all time high, yet we see a stock like D.R. Horton, Inc. (NYSE:DHI) taking a nose dive. The money printing that has been going on since 2008 as well as low interest rates, are supposed to be helping the housing sector, not hurting it. So where is all this money going? The American public needs to start asking harder questions. The money has clearly stayed on the balance sheets of the big banks and found its way to the fat cats on Wall St., not to the people on Main St. who need it most. The housing stocks have been lagging the overall markets for quite some time, now we know why. These equities are talking to us, investors and traders need to listen. If the use of all these QE`s cannot give the important housing sector a boost, then how will the overall market fare when QE3 comes to an end in October? There are endless amount of cracks emerging in the glass that is the stock market and economy. The question is, how long can the weakened glass continue to sustain itself under the surmounting pressure? One thing we know for sure, is that no matter what happens, if the market goes up or down, there will always be a trade and plenty of opportunities to make money. All you need to do is read the charts and just like in the past, the charts will once again tell the future far before any news paper, TV show or major financial firm informs the public. For live market insight and alerts exactly when we enter and exit positions... come step inside the Elite Round Table and enter profitable trades live with the proven Pro's. You can also join our FREE market moving email list to get free updates ONLY when important action is happening. We look forward to having you join us as we navigate the markets and make money! Parm Mann Elite Round Table Follow me on twitter: @ParmMannTrader Join the Elite Round Table on Facebookby Parm1
DHI surged after housing data. cup&handle idea is still validDHI is up today after housing news came out from US. There were sold 504k of nev homes compare to 442k expectatoins. Very strong upbeat. DHI was hovering around 8/21 EMA and above all key long term moving averages. It triggered long entry when price broke and closed above $23.25 resistance one month ago. Break above $24.80-$25 resistance area could attract more buying. -------------------------------------------------------------------------- Check my idea in the link below -------------------------------------------------------------------------- Longby andrew.berg0
DHI cup&handle The stock was leading during the first half of 2013 but then caught some downside. Stock found bottom around $18 then regained its 200 EMA above $20 with nice follow through to $25. Now it is flagging (handle) above 200EMA and on Friday broke up and looks ready to continue. Stock is pretty slow on daily basis, so it is in my long term buy watchlist with entry here at $23.25 and reasonable stop below $21. i will add if it will go through $25 resistance and expect to see it is testing highs in the mid $27 with some follow through. So, I will put my target at $30Longby andrew.berg1
D.R. Horton Breakaway Gap May Complete the BottomLooks like a rounding bottom for me, taking 23.20 will add conviction to this tradeby Technician0
DHIVery important to see follow through here today. DHI & LEN getting "jiggy". Good for XHB? Maybe.Longby fibline0
DHI- could make itDHI- could make it to a double top if only price overcome the MA200. It looks promising for a long play.Longby sublimares23
DHIThe average line of BB can be used as stop line.The next resistance is far enough.Longby bigrediska110
DHIAttempted a Perfect Mountain Pattern, almost. Looks like break back above Doji on Monday & reverses.Longby fibline0