jangseohee

XHB, Kaboom! Homebuilder wrecked

jangseohee Updated   
AMEX:XHB   SPDR Series Trust SPDR Homebuilders ETF
6
Just about 18 hours ago, i posted ITB chart to issue an alert on potential breakout or resistance based on RSI indicator as the price has been ranging since Dec 2012!

And it seems that the "dump money's" hope was SHATTERED when KB Home released their quarterly report.

Didn't we bail out the Fannie Mae & Freddie Mac? On top of that, Fed has came out with all sorts of tricks from ZIRP, QE1, QE2, Operation Twist, and QE3!

Does it mean the "free money" no longer works?

Gimme back my American Dream!!!
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