Buy B61! @ 1.3231
RSI14 crossed above 60.
This is not a very strong trend as it is only above MA50 and not above MA150 or MA200.
Also note that there was a signal back on the 13th of September, so this is re-tracing.
There are better trades to take (better probability), but this one is a contender with a tight stop.
Homebuilder stocks and the S&P 500 ( SPX / ES1! ) have been diverging since April.
With the S&P finally pulling back as of last week, is it now time for the S&P 500 ( SPX / ES1! ) to head the direction of homebuilder stocks?