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
The following short trade ideas have already hit one or more profit targets and/or exceeded their suggested stop and will now be moved to the Completed Trades archives for future reference as well as to make room for new trade ideas. Most of these trades were already mentioned as hitting a price target or stop-loss level but for tracking purposes, all official trades receive a front page post at the time they are removed from the Active Trades category to the Completed Trades category, where all related posts to each trade are archived indefinitely. CNA: Fell about 2/3rds of the way [...]
An update on XHB (homebuilders ETF) and some of my favorite trade ideas in the sector at this time.
Potential trade ideas & developments to watch for this week in the stock market, select commodities, sectors, currencies. The video starts with coverage of the Euro, US Dollar & gold mining stocks, then stock market analysis via QQQ & SPY followed by some potential trade ideas on individual stocks & sector ETFs.
SHW (Sherwin-Williams Co.) offers an objective short entry around current levels (352.75) on today's breakdown below this bearish rising wedge pattern. The current price targets are T1 at 331.10 & T2 at 317.35 with a potential third target that might be added, depending how the charts of both SHW & the homebuilder sector (XHB & ITB) develop going forward. The suggested stop is any move above 362 with a suggested beta-adjustment of 1.0. SHW daily 2 July 20th
SHW (Sherwin-Williams Co.) is one the components of XHB (homebuilders ETF) that is the first to break below a plethora of bearish rising wedge patterns among the various components of that ETF. I had already label this chart with the price targets shown but as the setup was not posted in advance & more importantly, the stock is already trading down over 5% & no longer offers an optimal entry. As such, this is not an official trade at this time. However, SHW is on watch for a potential short entry should it bounce back and/or I continue to see additional [...]
The following notes & chart outline the entry criterion, price targets, suggested stop & beta-adjusted position size for a swing trade in SHW, Sherwin-Williams Co.