Technical analysis on ITB (Home Construction ETF) along with 14 of my top trade ideas in the homebuilding & construction sector. The following ETF & stocks are covered in this order: ITB, SHW, DHI, NVR, OC, LEN, PHM, LII, TOL, CAA, KBH, TPH, MTH, LGIH & MHO. Playback speed can be increased in the settings to reduce the duration of the video
An update on XHB (homebuilders ETF) and some of my favorite trade ideas in the sector at this time.
Analysis of the Homebuilders ETF, XHB, along with several leading homebuilding stocks & related companies such as DHI (D.R. Horton), LEN (Lennar Corp), NVR (NVR Inc), OC (Owens Corning), PHM (Pulte Homes) & TOL (Toll Brothers).
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 soon, along with specific entry points, price targets & suggested stops although the entry triggers & many of the approximate price targets are covered below.
For those wishing to skip ahead to the analysis of a particular stock or ETF, the following trade ideas are discussed in this order: XHB, AOS, LOW, LL, DHI, HD, LEN, LZB, MAS, LII, MHK, WHR, & TPX.
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 of cleaning up the Trade Ideas, I will be removing any trades that no longer look attractive from a technical perspective in order to make room for some new trade ideas. ALXN, CBK, DDS, DHI, EWJ, HLF, JPM, PHM, TASR, THI, TJX, VAL, WFC, XHB, XLF, [...]
DHI will be added as an active short here around the 22.28 level as it is just starting to break below this daily bearish rising wedge pattern. For now, T1 (17.80) is the final target. A stop above the 23.78 level would provide about a 3:1 R/R on the trade. Note: DHI, along with the active short trades PHM & LEN is a homebuilder stock (not to mention the active short on the Homebuilders etf, XHB). I will often focus on the most bullish (for longs) or bearish (for shorts) sectors when adding trade ideas to the site so always make [...]