Not really, support is the 50 day MA, and today it pulled back
off resistance from the 200 day MA which is logical. so far
it's noise until either support or resistance is broken
I just wonder when the lawsuits start hitting the builders. A
lot of them built houses with very shoddy materials, including
hazardous insulation made in China, sub-par wood, etc, because they
figured the first home buyers were just going to flip them. So they
figured the builder would be removed from the chain of liability by
multiple owners. A lot of these houses built during the gold
rush from 2002 - 2006 are unfit for inhabitants. The balance sheets
of these companies can't take much of a hit. So trade them like
they have a lit fuse, don't invest in them
homebuilders going up -- like the market -- is
ridiculous......the current inventory of unsold homes is 9 YEARS at
current pace of sales. "Normal" is 6 to nine months....
XHB home builders, nice base
Posted by matt on 2nd of Nov 2010 at 09:49 pm
XHB homebuilder ETF has a nice base
logically some of the homebuilder stocks appear to be low risk such as KBH, DHI, LEN
Matt, Care to comment on the
Posted by jambo1 on 3rd of Nov 2010 at 02:26 pm
Matt,
Care to comment on the beast that is IYR ? Does it look bear wedgeish on a daily to you?
Not really, support is the
Posted by matt on 3rd of Nov 2010 at 02:28 pm
Not really, support is the 50 day MA, and today it pulled back off resistance from the 200 day MA which is logical. so far it's noise until either support or resistance is broken
Homies
Posted by PA on 3rd of Nov 2010 at 11:29 am
I just wonder when the lawsuits start hitting the builders. A lot of them built houses with very shoddy materials, including hazardous insulation made in China, sub-par wood, etc, because they figured the first home buyers were just going to flip them. So they figured the builder would be removed from the chain of liability by multiple owners. A lot of these houses built during the gold rush from 2002 - 2006 are unfit for inhabitants. The balance sheets of these companies can't take much of a hit. So trade them like they have a lit fuse, don't invest in them
homebuilders going up -- like
Posted by Michael on 3rd of Nov 2010 at 11:36 am
homebuilders going up -- like the market -- is ridiculous......the current inventory of unsold homes is 9 YEARS at current pace of sales. "Normal" is 6 to nine months....
XHB
Posted by hazbin1 on 3rd of Nov 2010 at 08:16 am
FWIW - seems McClellan in his latest market report likes home builders too for the intermediate term. (~6 months)
XHB looks good, but check
Posted by jsyabc on 3rd of Nov 2010 at 07:30 am
XHB looks good, but check out EDC and ERX too.....they are right at breakout pts.