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!
The fundamentals for the U.S. Housing market are in terrible shape. More supply than ever before, record low mortgage applications, mortgages getting more expensive to finance and rates continually rising. This sector will continue to fall as the markets correct.
Short or Put, this is a solid trade.
Well, this one broke the long term Monthly trend and the shorter term uptrend last week. Higher interest rates plus tariffs a double negative for new home construction. Now something to keep on the horizon, all the hurricane construction. This sector likely to get a stimulus rebuilding the South East. On the flip side, I don't see Bonds at support yet so there...
I saw a flicker of hope for home builders in the May Housing Market Review. Traders decided to snuff that flicker out very quickly afterward. When I wrote June’s housing market review and described a “struggling flicker,” the iShares US Home Construction ETF (ITB) was once again bouncing off the bottom of 2018’s trading range. Almost like a cycle, a month later...
Rising interest rates have resulted in a nearly 20% pullback
in the popular institutional homebuilder's ETF ITB in 2018.
Investors has rightly predicted that the rising interest cycle
with the added cost of financing debt, and the aging US population
would begin to slow demand for purchase of new single family homes in the United States.
But a with every...
Watching this for months after seeing a big drop earlier in the year.
Showing some bearish signals, ITB has been consolidating lately, trading between narrow bollinger band limits. I honestly think the support line is above $37.49. It's very hard to tell if ITB will break the support line, it all depends on future housing data releases. I've been monitoring...
"Existing home sales continue to weaken and new home sales are not doing enough. Affordability issues are looming larger over the market."
Housing Market Review (August, 2018) - Worsening Affordability Issues Add to Weakening Data
Alongside bearish trading action in builder stocks, July’s housing market data may have delivered confirmation of persistent investor fears.
"Housing Market Review – A Wobbly Edifice As Builders Break Down And Data Weaken" drduru.com $ITB $DHI $MTH $KBH $PHM $TOL $TPH #housingmarket #housingwatch...
So with the FED hiking rates another .25 bps in June (96% odds as of right now) I am making a bearish trade in the home builder ETF. I have never traded through a rising rate environment so.......take it with a grain of salt. I am buying the 40 put in October and selling the 36 put in October for $1.12 This is a defined risk trade for a debit (not really the...
Housing Market Review (May, 2018) - A Fresh Flicker of Life As Sentiment Turns Without A Change in Data. The housing data continue to plod along but the market for home builder stocks is suddenly warming up all over again.
drduru.com $ITB $CCS $DHI $PHM $LEN $FPH $LGIH $MTH $XHB