The housing sector, via XHB, the S&P Homebuilders ETF (which, in addition to the homebuilder stocks, includes names like Owens Corning, Whirlpool, Home Depot and Lowes) is offering zero support for anyone who thinks our consumer-driven economy is teetering on the edge of the next recession.
Here's XHB's year-to-date daily chart along with its on balance volume study (signals whether a security is being accumulated or distributed by investors/traders):
And here's a one-year chart along with two technical indicators (bottom two panels) that suggest the sector has more upside room to run:
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