Sunday, January 9, 2011

Who says homebuilding is dead in real estate market over-saturated with supply?

Will be interesting to see if/how rising mortgage rates will affect housing in 2011 and beyond and if the Fed continues to QE to try to drive rates down.

XHB- Isn't the best gauge for pure homebuilders but is confirming strength in the industry
See the following link for holdings & details:

KBH- Nice post-earnings pop, watch for continuation like this above 15.50 on vol, next target is 18.

PHM- Watch for a B/O above 9 (200MA location & 38.2 fib retracement) enters into a vacuum and probably pops to 10 (50 fib retracement)

TOL- Watch for a B/O above 21 or 21.34 (Fri's hi) with first target being 23.65 

DHI- Like this above 13.25 (61.8 fib retracement) with a tight stop (25-30c) in case B/O fails. A push & hold above that level & it enters a vacuum could move to 15-15.50

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