XHB Trade Parameters
The following notes & chart outline the price targets, suggested stop, beta-adjusted position size & some additional comments on the XHB (Homebuilders ETF) swing trade.
XHB Trade Setup & Entry
XHB (Homebuilders ETF) will be added as short entry around current levels (38.38). I covered XHB & the homebuilder related stocks in detail in yesterday's video & although I stated certain criteria that I was watching for before shorting the sector, I have price alerts on numerous components of XHB going off like popcorn meaning [...]
Homebuilders & Timber Trade Setups & Analysis (video)
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 [...]
Short Trades Category Updated
The following short trades have either exceeded their suggested stop(s) or no longer look compelling from an risk-reward perspective and will be moved to the Completed Trades category: ADBE: Has traded slightly above the suggested stop of 77.09 over the last several trading sessions, resulting in a relatively small loss of 2.8%. As the R/R [...]
XHB Update & Live Chart Added
XHB (Homebuilders ETF) was posted as a new Short Trade Setup on Wednesday with an short entry to be triggered on any intraday move below 30.60. Although prices have yet to move below that level they are close, with the XHB recently trading as low as 30.70. A new live chart has been created for [...]
Homebuilder Sector Overview (Video)
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.
XHB (Homebuilders ETF) Short Setup
XHB (Homebuilders ETF) will trigger a short entry on any move below 30.60. Suggest stops are 31.60 if targeting T1 & 32.10 if targeting T2. I've also reviewed all of the individual charts of components of XHB and found numerous trade setups for those preferring to short individual stocks vs. the ETF. The advantages to [...]