hockeysniper
Long

ITB Homebuilders, weekly chart has more room to run

AMEX:ITB   ISHARES TRUST
ITB Homebuilders 3x ETF , weekly chart has more room to run. Daily chart is ready for break out. Inverse H and S . LEN , KBH and DHI all had great earnings reports recently. Above $46.35 would be all time highs. The FED should be cutting rates again with the Oct 4th economic data, so more bullishness for homebuilders. Good luck!

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Nice Reverse Head and Shoulders!
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