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 [...]
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.
In updating the trade ideas today, the following stocks will be removed from the Active Trades category to the Completed Trades category in order to focus on the most attractive opportunities at this time. Many of these trades have already hit a profit target or remain profitable at this time while a few are slightly [...]
I was just asked about the LEN short and in glancing the previous notes/charts, it doesn't appear that I made any stop suggestions. If you've already stopped out, which you should have if only targeting one of the lower targets, then great. You can always re-enter for a swing short trade if & when we [...]
LEN looks like an objective new entry or add-on to an existing short position here as it backtests the recently broken bearish rising wedge pattern. Updated daily & weekly charts:
LEN was posted as a short trade idea on December 6th with the suggestion to short a 1/2 position (at 36.42) while waiting for a break of the S1 (1st support) level to break before bring the trade to a full position. I am revising that second entry to current levels as LEN appears to [...]