Larger than a dead cat bounce..of which there have been 6 or 7 (depending on one's standards)...smaller and less sustained than a turnaround..I call it a very nice near tern profit taking opportunity. Investors should have taken note in late November that XHB was very beaten down..With rate cuts and other liquidity manipulations sure to come it was a nice buy around 17.50..Take profits now..or early next week before reality once again sets in..and wait. This mess is a long way from over.
Homebuilders Lead Market Higher [View article]
beaten down..With rate cuts and other liquidity manipulations sure to come it was a nice buy around 17.50..Take profits now..or early next week before reality once again sets in..and wait. This mess is a long way from over.