This video starts out highlighting the very tight correlation between homebuilding stocks & timber prices followed by analysis on the homebuilder ETFs (XHB & ITB) and several individual homebuilder stocks that appear to be setting up as promising swing trades. Several of the setups in this video will be added as official trade ideas setups [...]
The following short trades will be removed from the Active Trades category. Some of these trades may have already hit one or more profit targets while others failed to reach their price target(s). Many of these trades have also exceeded their suggested stop level while others may not have but in the long overdue process [...]
Similar to the previous posted LEN, PHM can be shorted now and/or on a break below the S1 support level. An idea stop would be somewhat above the recent highs, anywhere between 18.50 - 19.00. Targets marked on this daily chart.