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 the XHB trade setup which can be viewed by clicking the link below. Those interested in shorting the homebuilders ETF or some of the individual components might also want to view the video overview to the sector which was also posted on Wednesday. As an imminent breakdown of the housing related sector seems likely at this time, I will work on posting some of the individual components of the sector that currently stand-out as short-side swing trading opportunities.
click here to view the live chart of XHB
XHB daily May 6th