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 that we have multiple breakdowns occurring in the sector today.
I will follow-up with price targets, a suggested stop & any other details on the trade as well as some charts & possible trade setups/entries on some of the individual components of XHB. I just wanted to get this out asap in case the sector begins to fall sharply following these breakdowns.