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Homebuilders Hosed

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Both on a fund level………..by way of XHB:

And with individual securities, like KHB………..

Maybe “hosed” is overstating it, but let’s just agree that it looks way more like a “sell” at these levels than a “buy.”

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