Bulletproof Home(builders)Posted in Trading Blog on November 7th, 2012 at 5:48 pm by Jeff White
Nasty day today out there, no question about it. Worst day of 2012 for the DJIA, and new correction lows everywhere you look.
Everywhere but the homebuilder stocks I should say. They’re holding up like champs. Are these things bulletproof?
I’m not suggesting that, but they dodged a missile today. If these aren’t already on your radar, they should be. Check out a few of these charts.
KBH gave up less than 1% today and is sitting just shy of recent trendline resistance:
LEN finished green on the day while the S&P gave up 33 and is facing breakout territory:
PHM gave up a few cents but stayed in its recent consolidation zone, it’s holding up great:
RYL isn’t quite breaking out but finished the day down just a couple pennies, holding within its base:
I’ll of course be sharing my trades on these and anything else I’m stalking inside the Member Area.
Trade Like a Bandit!
Subscribe to our Stock Pick Service to get our trades.